Federal Minister for Science and Technology Fawad Chaudhry has announced that Pakistan Science Foundation and Higher Education Commission (HEC) will carry out a joint study to ascertain the effects of the coronavirus on the Pakistani industries.
“Pakistan Science Foundation and HEC are launching a joint study to ascertain how coronavirus will effect Pakistani industry, which new industries will emerge and which will collapse,” said the minister in a tweet.
Launching a joint study of Pak Science foundation and HEC to ascertain how #coronavirus ll effect Pak Industry, which new industries ll emerge and which to collapse, HEC shall then issue guidelines to Unis to reset their Degree plans according to future industry needs.
— Ch Fawad Hussain (@fawadchaudhry) May 13, 2020
Fawad further stated that the HEC, after carrying the study, will then issue guidelines to universities, in order to bring relevant changes in their degree plans according to the future industry needs.
COVID-19 has wreaked havoc on the global economy and has impacted businesses in Pakistan as well.
The economic impact could be even worse than that of the Great Depression. The International Monetary Fund (IMF) has projected a sharp decline in the GDP growth rate for Pakistan from 3.3 percent in 2019 to -1.5 percent in 2020.