World | Pakistan
Musharraf welcomes 'win win' relationship with Austria
President General Pervez Musharraf yesterday called for developing knowledge-based economy through promotion of quality science and technology education in the country.
- By Amir Mir, Correspondent
- Published: 00:00 November 19, 2006
Lahore: President General Pervez Musharraf yesterday called for developing knowledge-based economy through promotion of quality science and technology education in the country.
"Only natural resources are not enough to make progress; we have to develop our human resource base to make the country economically stronger".
President Musharraf was speaking at the ground breaking ceremony of the University of Engineering, Science and Technology (UEST) being set up some 25 kilometres from Lahore with the assistance of the University of Technology in Graz, Austria.
Some 100 acres of land worth Rs6 billion has been provided by the Pakistan Army's Lahore Corps at Defence Housing Authority free of cost. Musharraf said that the University would provide a win-win situation for both Pakistan and Austria. He said Pakistani youth would have access to world class engineering and technology education while the Austrian companies investing in Pakistan would have good human resources.
President Musharraf said that low quality education and lack of skilled manpower was responsible for backwardness in the Muslim world.
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?
