Press Releases ‘Universities will pave way for prosperity’ By y_d_c Posted on April 21, 2016 2 min read 0 0 252 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr SARGODHA / BAHAWALPUR / FAISALABAD: Pakistan has recorded its highest growth rate (4.7 per cent) in eight years, Minister for Planning, Development and Reforms Ahsan Iqbal said at an event at the University of Agriculture Faisalabad on Monday. “This has been possible because of the government’s focus on heavy investment in the energy, infrastructure and human resource sectors.” The minister was speaking at the launch of the Young Development Corps (YDC) at the UAF. In 1998, Pakistan had only 350 PhD scholars in the country, he said. “We have more than 75,000 PhD scholars in the country now.” He said one of the initiatives the government had taken in this regard was the Pak-US Knowledge Corridor under which 10,000 scholarships will be offered for studies in 200 universities in the US. The minister said they were also working on Technology Innovation Research Fund, at a cost of Rs3 billion, to finance innovative ideas through competitive research grants. He said marketable research would help pave the way for economic growth. “The nation has pinned its hopes on universities to steer the country out of crises.” Iqbal said the government was making all-out efforts to uplift the agricultural sector.