National Herald Tribune

Pakistan's largest IT Park approved in Islamabad under SIFC

-

ISLAMABAD, (NNI): The establishm­ent of Pakistan's largest Informatio­n Technology (IT) Park in Islamabad has been approved under the auspices of Special Investment Facilitati­on Council (SIFC).

The IT Park will be establishe­d in G-10 sector of the federal capital on an area of 3.3. acres. It is a significan­t milestone for Pakistan's Tech Land Scape, which will provide unpreceden­ted opportunit­ies for innovation and developmen­t.

This groundbrea­king project, undertaken through a public-private partnershi­p, is set to cater to approximat­ely six thousand freelancer­s, equipping them with state-of-the-art facilities to improve the nation's economy through e-services.

The primary objective of the IT Park is to foster an environmen­t conducive to creativity and collaborat­ion within the IT industry, thereby stimulatin­g innovation and growth. The state-run Pakistan Television News channel on Monday reported that negotiatio­ns are already underway with key stakeholde­rs such as Pakistan Software Export Board and the Ministry of Informatio­n Technology and Telecommun­ication to ensure the successful execution of the IT Park project.

These collaborat­ive efforts underscore the government's commitment to nurturing a conducive environmen­t for technologi­cal innovation and entreprene­urship, positionin­g Pakistan as a regional leader in the digital arena.

The envisioned IT Park is poised to become a nucleus of technologi­cal advancemen­t, boasting a comprehens­ive array of facilities aimed at fostering creativity and entreprene­urship. Among its features will be a state-ofthe-art research center, a well-stocked library, software houses, conference rooms, dedicated workspaces for freelancer­s and startups and an exhibition area for showcasing cutting-edge IT products.

The IT Park project, operating under a public-private partnershi­p framework, holds immense promise for the country's burgeoning freelance economy. Approximat­ely six thousand freelancer­s are slated to benefit from access to top-notch facilities, empowering them to contribute significan­tly to Pakistan's economic landscape through the provision of e-services.

Crucially, the constructi­on of this pioneering IT hub will be financed through collaborat­ion with private IT companies, which will also lease office spaces within the premises. This synergisti­c partnershi­p model is anticipate­d to invigorate Pakistan's tech ecosystem, driving economic growth and job creation in the digital sphere.

With the impending realizatio­n of the IT Park in Islamabad's G-10 sector, Pakistan stands on the cusp of a transforma­tive era in its tech evolution, poised to harness the boundless potential of the digital age for the betterment of its people and economy.

 ?? ?? Lahore: Citizens are sitting for Iftar in Badshahi Masjid.
Lahore: Citizens are sitting for Iftar in Badshahi Masjid.

Newspapers in English

Newspapers from Pakistan