Recently, the US ambassador, Richard Olson, gave a confirmation to the Pakistani entrepreneurs about continuance of America’s support for their innovative endeavours. The U.S. Ambassador’s Fund provides monetary support for different information technology projects at small-scale with high-impact programmes for communities across Pakistan. He recently visited the National University of Sciences and Technology’s (NUST) Technology Incubation Centre to make a survey of its performance.
He also introduced a new programme called “Khushhali Ka Safar”, which means Journey to Prosperity. Under this programme Pakistan’s innovative entrepreneurs will be linked with American investors and mentors, especially from the Pakistani-American diaspora and academic institutions.
The U.S. Ambassador also mentioned the Centre for Advanced Studies that will be part of NUST in the near future. It is being established with the financial aid of the U.S. government along with Pakistan’s own resources. Pakistan’s energy problems and challenges will be carefully studied in this centre. The energy crisis has been aggravated due to mismanagement and lack of accountability of the involved departments. But for the future needs of Pakistan’s energy issues, advance studies that will thoroughly understand the challenges hold better prospects for the country.
The USAID is funding three centres for Pakistan’s development in science and technology that will be completed over the course of the next five years with $127 million and will focus on water, energy, and agriculture sectors through applied research, training, university linkages, and other contributions for policy formation. For the relations of the two countries, it is necessary that ‘market access’ is provided and more partnerships take place at both business and educational level, including innovative and applied research.
The U.S. is also working on Pakistan Private Investment Initiative which is to continue for many years and will provide platform for Pakistan’s small and medium-sized companies for economic development. Another programme, Pakistan Firms Project, will help businesses to get rid of the hurdles that might face to improve their business ventures in areas like agriculture, livestock, minerals, and tourism.