URGENT NEEDS TO PROMOTE INDIGENOUS RESEARCH AND DEVELOPMENT IN ENVIRONMENT FRIENDLY TECHNOLOGIES FOR SOCIO-ECONOMIC DEVELOPMENT IN PAKISTAN
Waris Ali, Aleem Ahmed, Muhammad Khalid Siddiq, Badar Sultan Minhas

Abstract
Pakistan is located in a region which is surrounded by countries like India, China, Iran and Afghanistan. Although Pakistan’s contribution towards causing environmental pollution is negligible, but still it is one of the most vulnerable countries in terms of being affected by the climate change which has become a global phenomenon. Many countries of the world have focused on promotion of eco-friendly business through investing in their research and development. Japan is considered to be the country which has highly promoted eco-friendly technologies over the past decade. Toyota, Hitachi and Sanyo are the three main players in the manufacturing environment friendly products. The market size of Japan based on the OECD classifications is estimated to be 58 trillion yen by the year 2020. USA is the largest producer and consumer of eco-friendly technologies. The sector consists of various fields, such as pollution control, waste management, site remediation, and monitoring and recycling and earning billions of dollars annually. Pakistan urgently needs to concentrate on generating environmental friendly business. Government needs to provide incentives to the stakeholders involved in this industry. Through this Pakistan will generate socio-economic benefits and as a result contribute in eliminating environmental pollution and degradation, which causes Pakistan 365 billion rupees each year.

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