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Sunday, December 4, 2022

Karachi’s Rs42bn IT Park to host over 200 tech companies - The News International

Last updated Friday, November 11, 2022 07:05 ET , Source: TopWireNews

ISLAMABAD: Minister of Information Technology and Telecommunication on Monday laid the foundation stone for the largest IT Park in Karachi worth Rs42 billion, which would likely hold over 200 tech and create employment for 20,000 IT professionals.
An inaugural ceremony for the IT Park was held at the site near the Karachi Airport, a statement said, adding that more than 20,000 IT professionals would get job opportunities after the completion of this project.
Addressing the ground-breaking ceremony, Minister for IT and Telecommunication Syed Amin Ul Haque said the Karachi IT Park would be a gateway for an innovative future and strengthen economy.
“Karachi IT Park is the largest IT project of its kind in Pakistan, which will benefit not only the citizens of Karachi, but also the IT professionals and companies of Sindh and the rest of Pakistan,” he added.
Haque highlighted that the project was approved by ECNEC in its meeting held on June 4, 2021 at capital cost of Rs41 billion, including Rs35 billion from the Korean Exim Bank as loan and PSDP local share of Rs6 billion.
The project would be completed in June 2026. Governments all over the world often invest in these technology parks to boost their regional and national economies. The main objective of technology parks was to support the creation and development of knowledge-based enterprises.
The range of services offered by the parks was closely linked to the functions that they had to fulfill, he said, adding the benefits...



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