Joint ventures, technology transfer solution to economic crisis: Zubair

Pakistan can escape its worst economic crisis through increasing production, joint ventures, and technology transfers. This was stated by M Zubair Motiwala, Chief Executive Trade Development Authority of Pakistan, at the inauguration of the 12th IEEEP Fair being held at Karachi Expo Centre from October 3-5.

He added that Pakistan is shy of joint ventures, so I suggest to our industrial sector that they should look for technological transfer through joint ventures and help the national economy by creating strong base for import substitution.

“The IEEEP Fair offers a distinctive platform for exhibitors in the fields of electronics, electrical engineering, and renewable energy, along with consultants and trade visitors, to exchange insights, foster an in-depth understanding of the latest advancements and technological expertise within the engineering industry,” said Zubair.

He added that this exhibition also provides an avenue to explore a multitude of innovative and cost-effective solutions to address engineering-related challenges.

“This exhibition holds particular significance for Pakistan, considering that engineering forms the backbone of the nation. Hence, Pakistan must establish a robust industrial foundation and promote local production to replace imports and compete on par with other nations,” said CEO TDAP.

On the occasion, Engr. Khalid Pervez, Chairman of IEEEP Karachi Centre, emphasized the Fair’s role as a platform for fostering partnerships between established businesses and startups, facilitating professional collaborations, and bridging the gap between academia and industry.

He underlined the Fair’s significance in encouraging young engineers to align their research with industry needs, ensuring innovation and relevance.

Concluding the ceremony, Mr. Zohair Naseer, CEO Badar Expo Solutions, expressed gratitude to all the exhibitors, visitors and consultants, underscoring their continued support as a key factor in the Fair’s enduring success.

The inauguration ceremony also witnessed the esteemed presence of prominent guests including Dmitry A. Petrov, Consulate General of Russia; His Excellency Eng. Sami Abdullah Salim Al Khanjari, Consulate General of Oman; Mr. Mohsin Sheikhani, Patron-in-Chief ABAD; Mr. Suleman Chawla, Senior Vice-President FPCCI; Mr. Asif Sumsum, Chairman ABAD; Mr. Iftikhar Sheikh, President KCCI; and Engr. Dr. Sohail Aftab Qureshi, President of IEEEP.

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