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MoITT Launches Rs.41 Billion IT Park In Karachi, Including 200 Tech Companies And 20,000 Jobs Opportunities

The ministry of information technology and communications (MoITT) will launch a multibillion-rupee IT Park project that will house more than 200 IT firms and employ 20,000 young IT employees. The federal IT and telecom minister, Syed Amin-ul-Haque, will officially break ground on the project near Karachi airport on Monday (today). Says Minister of Information Technology,

Karachi’s Information Technology Park will be a gateway to a creative future. The project will boost IT exports while also furthering research and development.

According to sources, the ECNEC (Executive Committee of the National Economic Council) approved the IT Park project, which is projected to cost Rs41 billion, in June 2021. Exim Bank of Korea would provide Rs. 35 billion, with the federal government picking up the rest as part of its public sector development drive. It is expected that the project will be done by June 2026.

The IT Park’s mission is to foster the growth and success of creative businesses.

The 11-story, self-contained IT Park Karachi would cover 106,449 square meters in total. Around 225 startups and small-to-medium-sized firms, as well as national and international corporations, would have access to office space and ancillary services such as testing labs, classrooms, an industry-academia linkage center, and an auditorium.

declared the minister

He asserted that the park would enable Prime Minister Shehbaz Sharif achieve his goal of establishing Karachi with world-class IT infrastructure.

Aur Sunao - MoITT Launches Rs.41 Billion IT Park In Karachi, Including 200 Tech Companies And 20,000 Jobs Opportunities
Aur Sunao World Class IT Infrastructure

It will transform the city into a center of excellence in information technology. He argued that the IT sector had helped Pakistan’s economy grow and become stronger. He hoped that the IT park will boost IT exports, encourage research and development, and provide job opportunities.

It will provide a forum for collaboration between local universities and the business community. It will also attract worldwide commercial alliances as well as significant IT corporations as anchor tenants and investors. According to the minister, the park would increase the availability of workspace and related infrastructure facilities for IT and IT-enabled services (ITeS) enterprises and encourage the growth of the IT sector.

Another noteworthy technological progress news coming out of Karachi is the introduction of a digital one-stop webpage where Karachi locals may obtain tickets for the Safari Park, Karachi Zoo, and Landhi Zoo with a single click.

KMC municipal commissioner Syed Afzal Zaidi made the statement at a meeting of the organization’s department heads and other officers convened at the KMC headquarters. He went on to say that, in addition to eliminating the need for office visits for information or complaints, the web portal will be linked to a mobile application. Zaidi went on to claim that the provincial government is assisting with the project’s start-up.

In addition to the corporation’s sports facilities, membership system, and events that may be hosted there, he noted that data relating to utility taxes, as well as any businesses or marketplaces under KMC, will be available through the portal. The internet site also gives organizations who want to use government property for commercial purposes access to the protocol. Currently, the website is linked to 70 KMC departments and 140 local government agencies.

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