Pakistan news

ECNEC approved first state of Art Information Technology (IT) Park in Islamabad,Pakistan

The Executive Committee of National Economic Council (ECNEC) on Tuesday endorsed nation’s first best in class Information Technology (IT) Park in Islamabad.

The Korean Exim Bank has consented to back the foundation of the principal Technology Park in Pakistan to advance IT and Telecom area with a cost of $50 million, declared State Minister for Information Technology and Telecom, including that Exim Bank would give delicate credit to the IT Park.

Serve expressed this while tending to a capacity in the wake of going to the ECNEC meeting here on Tuesday.

The pastor said that work on the IT Parks in Lahore and Karachi would be begun soon.


Pakistan Software Export Board (PSEB) has rented around 45 sections of land of land in Chak Shahzad, Islamabad to fabricate best in class IT Park.

PSEB is commanded to encourage Pakistani IT industry and increment fares of programming and administrations from Pakistan. One of the significant elements of PSEB is to set up and work IT stops and give helpful and empowering framework to the improvement of IT industry.

Other than giving office space to IT organizations, IT Parks are essential for making a stage for data trade and linkage between the scholarly community, industry and the legislature.

IT Parks not just end up being perfect innovative work focuses additionally give colossal support to national economy; demonstrated cases incorporate IT stops in India, China and South Korea.

Phase-1: Construction of buildings having approximately 1, 000, 00-1, 500,000 square feet of covered area on 15 acres of land

100,000-1500,000 sqaure feet covered on 15 acres of land for construction.

The clergyman said that administration’s concentration is to give an empowering domain through framework, for example, IT stops to IT business people and IT organizations with the goal that they can develop and support their business and items to their actual potential both locally and universally.

Prior the idea of IT Park was endorsed by the Planning Commission and the Ministry of Information Technology was setting up the PC-II in discussion with the World Bank. The World Bank had communicated its craving to put up to $45 million in the venture, however because of a few preventions, the legislature later liked to draw in Exim Korean Bank.



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