ISLAMABAD: National University of Sciences and Technology (NUST) and Tus-Holdings have joined hands to establish the National Science and Technology Park at NUST.
In this regard, a memorandum of Understanding (MoU) was also signed between NUST and Tus-Holdings, an operating company of Tsinghua University Science Park, China.
The MoU was signed by Jiwu Wang, CEO Tus-Holdings Co Ltd and Engr Muhammad Asghar, Rector NUST. Under the MoU, both sides will consider to set up a joint venture company for the establishment of NSTP in Islamabad.
The MoU will enable Tus-Holdings to transfer its experience of consolidated innovation space formation to the creation of NSTP, suitably modified to suit the demands and realities of innovation in Pakistan.
The MoU signing ceremony was attended by Ahsan Iqbal, Federal Minister for Planning, Development and Reform, Sun Weidong, Chinese Ambassador to Pakistan, Prof Dr Mukhtar Ahmed, Chairman Higher Education Commission (HEC), Pakistan, Kamran Ali Qureshi, Federal Secretary, Ministry of Science and Technology, and other senior government officials.
From the Chinese side, Herbert Chen and Xiang Chen and other notable members of Tus-Holdings were present on the occasion. The agreement with Tus-Holdings is the latest in the series of cooperative initiatives that NUST has developed since 2011 with different Chinese universities, research institutes and policy centres.
Speaking on the occasion, Prof Ahsan Iqbal, Federal Minister for Planning, Development and Reform, highlighted the significance of the MoU in the context of expanding economic cooperation between Pakistan and China. “It would help further the objectives of Pak-China Economic Corridor and Vision 2025,” he added.
