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Islamabad: Prime Minister Shehbaz Sharif has directed to expedite construction on Islamabad’s first state-of-the-art IT Park, aiming for completion within the year. During his visit to the site today, he highlighted the around-the-clock efforts to finish the project, which is poised to become a major hub for IT companies and offer substantial employment opportunities to the youth.
According to Ministry of Information and Broadcasting, the IT Park is being developed at a cost of twenty-five billion rupees, including a seventy million dollar soft loan from South Korea. The project, awarded to a Korean company in 2022, is expected to host one hundred and twenty offices for IT-enabled companies and provide job opportunities for ten thousand young individuals. The Prime Minister expressed satisfaction with the quality of construction work and detailed the facilities that the park will offer, including an incubation center for fifteen startups and commercial and recreational amenities.
Further enhancing its utility, the IT Park will feature close coordination with academia and include IT labs to promote research and development among the youth. Additionally, the establishment will facilitate the creation of two hundred and fifty e-rozgaar centers nationwide and a level three data center on-site.
The briefing also touched on broader initiatives, with the Prime Minister noting that more IT parks are planned at both federal and provincial levels, with an eighty billion rupee allocation in the budget for the IT sector. This expansion is seen as a strategic move to harness the potential of millions of young Pakistanis in the burgeoning tech industry.
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