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Why is National Aerospace Science and Technology Park important for Pakistan? Here is all you need to know

10:59 PM | 4 Aug, 2023
Why is National Aerospace Science and Technology Park important for Pakistan? Here is all you need to know
Source: File Photo

ISLAMABAD – Prime Minister Shehbaz Sharif on Friday inaugurated the National Aerospace Science and Technology Park (NASTP), which is a joint venture of the government, international companies and the private sector.

Speaking at a ceremony here, he appreciated the leadership of the Pakistan Air Force for initiating the project. He said the project augured well for activities related to the Special Investment Facilitation Council (SIFC).

Chief Executive Officer of NASTP Air Commodore Dr Liaquatullah told the participants that the Pakistan Air Force had achieved numerous successes in the field of aerospace technology. He said the institution had established research and development centers for the capacity building of new generation. “This is a project of national and strategic importance and will provide ecosystems besides providing multifaceted benefits,” he said.

He said the project had been completed in a record time and would prove to be a milestone for country’s self-reliance in aerospace technology.

The project consists of three campuses with the first one housing private sector companies, second one featuring cyber, AI and IT companies and the third one meant for aircraft, space, sensors and Expo center, he added.

The Air Commodore said all of the NASTP had been declared a special zone and would enjoy several key benefits including subsidies, tax/customs duty exemptions, besides acting as platform with great networking opportunities.

The air chief has already ordered launch of the second phase to establish the facilities at city and university levels, he said.

The National Aerospace Science and Technology Park (NASTP) was an important project of the Aviation City Pakistan and would provide ecosystem of essential elements required to nurture design, research, development and innovation in the aviation, space, IT and cyber domains.

NASTP was a pioneer organisation in Pakistan that was approved by the Government of Pakistan as ‘a project of strategic national importance’ led by the Pakistan Air Force in creating opportunities for joint work between industry, academia and the government, turning it into a technology ecosystem in the country.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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