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Under the Special Investment Facilitation Council, a new agreement worth 8 billion rupees has been signed for establishment of Pakistan Digital City in Haripur.
The agreement has been signed between Special Technology Zones Authority and Khyber Pakhtunkhwa Information Technology Board.
The Digital City will be the country’s first tax-free zone and all companies operating within it will be exempted from tax for next ten years.
About four thousand IT startups can be established in the city which spans over 11 acres of land and will be fully operational by 2026.
The project will not only increase IT exports to over 50 million dollars but will also provide employment opportunities to IT graduates.
Due to efforts of Special Investment Facilitation Council, 30 percent of work on Digital City has already been completed.
Earlier, an investment of 1642 million rupees was made in the City under Nespak and National Logistics Cell.
Source: Radio Pakistan