The government of Pakistan has made another move towards technology; the new Information Technology Park in Islamabad. A grant of PKR10 billion has been approved from Korean Exim Bank. The agreement was done by the approval of Ministry of Information Technology.
According to this agreement, a new state-of-the-art Information Technology Park would be set up in Islamabad. This project is a portrayal of Prime Minister’s vision of modern Pakistan.
Ishaq Dar, the Finance Minister, who’s also seated said that earlier PMLN converted the Awami Markaz (Islamabad) into a software technology park. And now the government is to establish a multi-purpose IT park. This facility would be equipped with modern technology.
Anusha Rehman, the State’s Minister of Information Technology, also attended the ceremony. In her brief statement, she highlighted that an IT facility of such a standard would next be established in Karachi and Lahore. This new IT park would be constructed at a location where hundreds of IT giants could set up their offices.
A representative from Korean Exim Bank said that there are thousands of IT companies in Pakistan and more are establishing. This facility would be a good start to accommodate the startups and the giants already in operation.
No approximate date of completion of the project has been announced yet. But the government and the investors from Korean Exim Bank were super excited. This new IT facility in Islamabad could be seen as the future Silicon Valley of Pakistan.