SIFC approves construction of largest IT park in federal capital

The Special Investment Facilitation Council (SIFC) has approved the establishment of Pakistan’s largest IT park in the G-10 sector of the federal capital, covering an expansive area of 3.3 acres.

This development follows the decision by the Capital Development Authority Board earlier this month to undertake the construction of the IT park in Islamabad.

According to APP, negotiations are currently underway with key stakeholders, such as the Pakistan Software Export Board and the Ministry of Information Technology and Telecommunication, to ensure the successful execution of the IT Park project.

RELATED STORIES

Operating under a public-private partnership framework, the project aims to become a hub of technological advancement, offering a wide range of facilities aimed at nurturing creativity and entrepreneurship.

The IT Park will feature a state-of-the-art research centre, a well-stocked library, software houses, conference rooms, dedicated workspaces for freelancers and startups, and an exhibition area for showcasing cutting-edge IT products.

Approximately 6,000 freelancers are expected to benefit from access to these top-notch facilities, empowering them to make significant contributions to Pakistan’s economic landscape through the provision of e-services.

The construction of this IT hub will be financed through collaboration with private IT companies, which will also lease office spaces within the premises.

Leave a Reply