The park is aimed at boosting; the IT sector through the company’s planned project; to provide high-end technological facilities to local software houses and companies. Secondly, It will be the first technology park; in Sindh to be set up; in the commercial hub of Karachi. Moreover, According to the official notification to the PSX; the company has acquired 10,002 square yards of land at its wholly-owned subsidiary; at G-18 (private) in the Korangi Industrial Area. Furthermore; The IT park is likely to be completed; within two years; which is inclusive of the planning and design phases. Thirdly, The company’s management aims to provide a high-tech platform and infrastructure; to IT companies and software houses to boost their productivity via a conducive environment and available facilities.
The first ever soft-ware technology; park will be set up; in Faisalabad. @ForeignOfficePk @FMPublicDiploPK #PakistanMovingForward https://t.co/o538geryHc
— Pakistan Consulate General Toronto (@PakinToronto) May 24, 2021
Federal Minister for IT & Telecom Syed Amin Ul Haque at the “Groundbreaking Ceremony of Islamabad IT Park (worth Rs. 13 Billion 72 Crore)” along-with South Korean Ambassador, Mr. Suh Sangpyo…https://t.co/oucCXpamTm@SyedAminulHaque @GovtofPakistan #ITParkIslamabad
— Ministry of IT & Telecom (@MoitOfficial) May 26, 2021
Technology parks in Other Countries:
Thirdly, Over the last 10 to 15 years in India and the Philippines, a large number of IT parks have been developed. It resulted in robust growths in the productivity and exports of the sectors. Nextly, Pakistan also needs to set up IT parks in its major cities to achieve the desired growth in this segment. Furthermore, a special technological zone in Islamabad promotes Pakistan’s IT sector. Moreover, The incumbent government is working aggressively to promote the IT industry and services; while targeting the demands of both the local and international markets. Furthermore, The sector maintained a remarkable performance over the last six months in terms of exports; the development of e-commerce at the local level while pushing the limits of the innovation of products and services.
#Karachi to get it’s first Technology Park.
TPL Properties Limited to establish a state-of-the-art technology park in #Sindh. According to the company, “The Technology Park will be the first of its kind of such scale in the province of Sindh, with high end technology facilities pic.twitter.com/WWJJSfiITN
— Developing Pakistan (@DevelopmentPk) February 22, 2021
Nextly, The government is working to promote the IT industry and services while catering to both the local and international markets. Moreover, the sector had a remarkable performance over the last six months in terms of exports and the development of e-commerce at the local level while pushing the limits of the innovation of products and services. Furthermore, One of the reasons why the IT sector boomed in India and the Philippines.