Bilal Khan (Quwa)
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For all her issues, I remember Reham Khan actually saying (a few years back when she was married to IK), "what's the point of spending on education when there are no jobs?" It's the same issue everywhere you go, e.g. in Canada many in the STEM field have to head to the US (or China!) for work.You've hit the nail on the head there. The problem isn't that there is a shortage of trained engineers and researchers. The problem is we are producing them in the hundreds each year (with a lot of them going abroad to improve their skills even more) but we don't have anything for them to do (once they graduate locally or internationally). This initiative ought to change that.
With the sudden improvement seen in higher education during the early 2000s we started producing a lot of highly skilled workforce (with our usual lack of foresight) but didn't think where they'll work once they graduate. We've been producing these people in a vacuum at increasing rates ever since. Academic research needs direction and can't function as a stand alone entity. We have essentially been training people to go do research abroad (likes of me included). If there is suddenly something all these engineers and researchers can do in Pakistan, believe me they will jump at the opportunity.
On a related note, I did hear some stories about how in the early 2000s military organizations did try funding research in universities but they often lost money in these endeavors. They soon stopped. This can be because our researchers were incompetent, or because these organizations didn't have an appreciation for how slowly academic research progresses. I would think the latter was more true.
The two lead PAF engineers responsible for repairing the damaged Saab 2000s did their PhDs in the UK. I suspect there are now quite a few of these guys in the PAF now who (having gained some insight into the time organic R&D takes in the West and subject matter expertise) now believe there's enough to start Project Azm.