NSIT City gets STZA development licence

The Central Business District (CBD) Punjab has announced that Nawaz Sharif IT City has been awarded the Special Technology Zone Development Licence by the authority concerned.

According to a statement, 25% of infrastructure development in the NSIT City has been completed. The project's residential zone plots have attracted strong market response. An agreement has been finalised to establish a data centre. Meanwhile, the Silicon Block has received approval from the Special Technological Zones Authority (STZA), with 90 per cent of its plots sold.

The CBD Punjab is also preparing to launch the country's first film production zone in the NSIT City, pending final government approval.

CBD Punjab CEO Imran Amin stated, "Punjab is set to emerge as a global technology hub. This project will attract foreign investment, drive innovation, and power knowledge-based economic growth."