New IT Park in Islamabad to generate 15000 Jobs

According to the Ministry for IT and Telecommunication, the new information Technology (IT) Park in Islamabad will create approximately 15,000 new job opportunities for experts, IT professionals, and students. Construction of the main building will start this month.

Syed Amin Ul Haque, Minister of Information Technology and Telecommunications: laid the foundation stone for the Park in Chak Shahzad on May 6 to realize the Digital Pakistan Vision. In December 2019, Pakistan launched its first Digital Pakistan Vision to improve connectivity, improve digital infrastructure, increase investment in digital skills, and encourage innovation and tech entrepreneurship. The estimated cost for the completion of the project is Rs. 13.27 billion.

According to a MoITT official, The new IT park Park would be built with cutting-edge infrastructure and allied facilities for IT companies, with financial assistance from Exim Bank of Korea. MoITT also stated that a similar standard IT Park would be built in Karachi soon.

Moreover, The new IT park would facilitate technology transfer through industry-academia collaboration, support technology commercial viability, connect higher education and production, promote research and development, and increase IT exports and industry competitiveness.

In addition, Islamabad’s IT Park will initially provide workspace/offices to over 120 startups and small to medium enterprises, as well as other ancillary facilities. Testing laboratories, classrooms, an industry-academia linkage center, and an auditorium are among the facilities.

The Capital Development Authority (CDA) has already approved the building’s design, and MoITT has received construction approval from the Environmental Protection Agency (EPA). The park will have 12 stories and a total area of 66,893 square meters.

Moreover, An MoITT official stated that 15 software technology parks (STPs) have already been established, with three in Islamabad, two in Rawalpindi, eight in Lahore, and one each in Karachi and Gilgit.

“We want to establish software technology parks in small and big cities of the country”, adding that the Ministry of IT’s attached department, Pakistan Software Export Board was working to establish software technology parks in Quetta, Gwadar, Faisalabad, Bannu, Swat, Mardan, Sukkur, and Hyderabad.” He added.