BEIJING: The National Idea Bank, a collaboration among academia, government, and industry is aimed at addressing indigenous problems using technology and innovations in business and governance models will contribute to the rapid pace of development.
“I believe that in the world of digitalization, Pakistan really needs to establish a mechanism comprising thinkers and practitioners to identify innovative ideas for different organizations. National Ideas Bank as a knowledge-intensive system will contribute to the rapid pace of development.”
These views were expressed by Cheng Xizhong, Visiting Professor at Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute in an article published here on Sunday.
According to a media report, President Dr. Arif Alvi last week said that the fastest way for Pakistan to emerge as a strong knowledge based economy was through promotion of innovative entrepreneurship based on information technology.
“Innovation and emerging technologies together can open up new vistas of development and prosperity for Pakistan”, President Dr. Arif Alvi said at the inauguration of National Idea Bank at the Aiwan-e-Sadr.
He also believed that the rise of a nation must have strong think tanks. –Agencies
