Biotechnology refers to the employment of various types of “technology” to use, exploit, modify or improve existing biological processes for a specific purpose; its overarching goal is to enhance the quality of human life - be it directly or indirectly - by producing and/or developing effective pharmaceuticals, bioenergy, disease-resistant and high-yield crops as well as animals, and microbes for remediation in an efficient, cost-effective and ethically responsible manner. The field has already shown immense promise and further innovations are certain to culminate in dramatic improvements in existing technologies and outcomes. Biotechnology is the next wave of change that is likely to be as sweeping and invasive as that brought about by information technology. With remarkable advancements in agriculture, biomedical research and pharmaceutical industry, biotechnology has become a major discipline which is likely to play an increasingly significant role in improving the economies of different countries, and especially those which are developing. Pakistan must do its utmost to impart quality education in this exciting and promising field to its undergraduate and graduate students. The main purpose of biotechnology is to develop synergy between academia and industry which enables scientists to develop and execute novel technologies, using indigenous resources for providing solutions to the regional and national industries. This would ultimately benefit the economic growth of the country.