In order to accelerate the IT industry of the country, the Ministry of Information Technology and Telecommunication will be establishing more software technology parks in numerous areas of Pakistan.
According to a senior official of the IT ministry:
“We want to establish software technology parks in small and big cities of the country, for which Pakistan Software Export Board, an attached department of the ministry, is working to establish software technology parks in Quetta, Gwadar, Faisalabad, Bannu, Swat, Mardan, Sukkur, and Hyderabad.”
Moreover, the official further stated that the IT park would be set up near the trade and business hub of Karachi which would cost about Rs. 31 billion. This IT park would accommodate about 210 IT-based companies and over 8,400 employees where the Pakistan Software Export Board (PSEB) would act as the executing agency.
Moreover, the IT park would cover an area of over 106,449 square meters with eight floors above the ground and three basement floors. In addition, IT companies that would be a part of the IT park would receive financial assistance from the Exim Bank of Korea. The project would take about 6 years to complete.