SIFC approves setting up of largest IT park

To be established in Islamabad’s G-10 sector, covering area of 3.3 acres

ISLAMABAD:

The Special Investment Facilitation Committee (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 decision signifies a significant leap forward for Pakistan’s growing tech sector, offering unprecedented opportunities for innovation and advancement.

Negotiations are underway with key stakeholders, including the Pakistan Software Export Board and the Ministry of Information Technology and Telecommunication, to ensure the successful implementation of the IT Park project. These collaborative efforts underscore the government’s dedication to fostering an environment conducive to technological innovation and entrepreneurship, positioning Pakistan as a regional leader in the digital arena, according to PTV’s report on Monday.

The envisioned IT Park is set to become a hub of technological progress, featuring a wide range of facilities aimed at nurturing creativity and entrepreneurship. Its features will include a state-of-the-art research centre, a well-equipped library, software houses, conference rooms, dedicated workspaces for freelancers and startups, and an exhibition area for showcasing cutting-edge IT products.

Read Thousands of freelancers set to benefit as Pakistan’s largest IT park gets go-ahead

Operating under a public-private partnership framework, the IT Park project holds great promise for Pakistan’s burgeoning freelance economy. Around 6,000 freelancers are expected to benefit from access to top-notch facilities, enabling them to significantly contribute to Pakistan’s economy through the provision of e-services.

Importantly, the construction of this pioneering IT hub will be financed through collaboration with private IT companies, which will also lease office spaces within the premises. This synergistic partnership model is poised to energise Pakistan’s tech ecosystem, driving economic growth and job creation in the digital realm. APP

Published in The Express Tribune, March 26^th, 2024.

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