Islambad: Pakistan needs technology-based business that fetch higher returns, said Prime Minister Yousuf Raza Gilani.

Gilani on Thursday made the remark while meeting students from National University of Science and Technology (NUST) who stood second in an international competition.

The prime minister said they had made the country proud through innovative business ideas and excellent presentation skills.

The group had made it to the victory stand at the international business plan competition, titled 'Global Innovation through Science & Technology (GIST) - Battle of Ideas World Cup 2011'.

The competition, which was held at Istanbul from Dec 3 to 6, was attended by teams from 43 countries, as reported.

Science and Technology Universities like NUST that integrate engineering and business education were the best places for the technology based business incubators, Gilani added.