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Pakistan Spends Just 0.29% of GDP R and D Lowest in Region

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Pakistan Spends Just 0.29% of GDP R and D Lowest in Region
Pakistan has wound up in a sorry situation in the locale with spending only 0.29 percent of the GDP on Research and Development (R&D) against 0.82 percent spending by India, 0.94 percent by Turkey, 1.13 percent of GDP by Malaysia.

Interestingly, this spending of 0.29% of GDP deciphers into Rs. 1300 for every individual that Pakistani government is as of now spending on R&D.

Israel remains at the top with burning through 4.21 percent of its GDP, South Korea 4.15 percent, Japan 3.47 percent while USA burns through 2.81 percent of GDP on R&D, uncovered archives acquired from Science and Technology Ministry.

Science and Technology Ministry further censured the progressive governments while saying that this ultra-low inclination of the legislature for R&D division is in direct clash with the National Science and Technology Innovation Policy 2012, wherein, it is prescribed to upgrade R&D use to 1% of GDP till 2015 and 2% by year 2020.
Unexpectedly, at present, R&D part is dispensed not more than 0.29% offer of GDP.

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The undertakings of the Science and Technology service that were affirmed in 2007 and got ready for 24 months are still under execution bringing about cost overwhelms, heaping liabilities and case. MoST, every once in a while has been raising this issue with M/o Planning, Development and Research with no achievement.

MoST share in National Public Sector Development Program

Pakistan Spends Just 0.29% of GDP R and D Lowest in Region
The Ministry has currently proposed 70 projects worth Rs 3.15 billion under the Public Sector Development Program (PSDP) for the next financial year (2016-17).
For the fiscal year 2015-16, MoST made a total demand of Rs 3.51 billion to cater the need of developmental portfolio comprising of 88 projects (24 On-going, 21 newly approved, 43 unapproved). However, only Rs 1.51 billion were allocated for ongoing projects, leaving 21 approved projects in the lurch.
This lower allotment impeded the usage of progressing tasks as well as left numerous basic undertakings without subsidizing……..

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