PakistanTech

Capital Development Authority to Construct Pakistan’s Biggest IT Park

The Capital Development Authority (CDA) of Pakistan has unveiled plans for the nation’s most expansive IT Park, set to be located in Islamabad. This development is a key component of Prime Minister Shehbaz Sharif’s strategy to boost IT exports across the country.

The IT Park, which will be developed through a public-private partnership, will be located in Sector G-10 of Islamabad. A 3.3-acre plot has already been allocated for this purpose. The park is expected to cover around 100,000 square feet of area and will accommodate between 5,000 to 6,000 freelancers simultaneously.

The park will feature a variety of facilities, including a research center, a library, software houses, conference rooms, and working spaces for freelancers and startups. Additionally, it will also provide an area for the exhibition of IT products. The construction of the IT Park will be financed by private IT companies, which will also rent their offices in the area. After completion, the ownership of the park will be transferred to the CDA.

This development comes as part of the newly elected Prime Minister Shehbaz Sharif’s efforts to boost IT exports in Pakistan. Earlier this week, the Prime Minister directed relevant authorities to prepare a comprehensive roadmap to increase the country’s IT exports. He emphasized the need to utilize the full potential of IT exports worth billions of dollars and expressed his commitment to providing the youth with education and skills in the IT sector.

The Prime Minister also highlighted the need for facilities required for startups. He noted that the projects started for the IT industry in the previous government were yielding positive results. He pointed out that all banking-related problems of startups, freelancers, and IT companies were resolved.

The expected volume of IT exports this year is more than three billion dollars. The Prime Minister emphasized the need to further increase this figure. He also directed that all necessary legal and policy measures should be taken to increase investment in the IT sector and enhance its exports.

This initiative is a significant step towards boosting the IT sector in Pakistan. It not only provides a platform for freelancers and startups but also aims to enhance IT exports, thereby contributing to the country’s economy. The establishment of the IT Park is expected to create numerous job opportunities and promote innovation in the IT sector.

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