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Pakistan Aiming To ‘Double IT Industry In Two Years Via Tech Zones’

Written by Usman Aslam ·  47 sec read >

With technology being the sole contributor to the country’s advancement, the government is aiming to improve the IT industry by establishing tech zones across the country. In fact, by January 2021, the government had approved the transfer of 150 acres of land to the Special Technology Zone Authority (STZA) in order to introduce a special zone primarily focused on technological advancements.

Moreover, it is expected that the country will have more than one zone by next year. In addition, there is a 10-year waiver on corporate tax and imports of any equipment or building that is required for the tech zones as this will give Pakistan’s IT industry a certain push.

These tech zones will then result in more job opportunities for young people especially those who are hyper-focused in numerous technology areas. Moreover, STZA Chairman Amer Hashmi mentioned his own entrepreneurial experience and stated that the South Asian nation lacked a proper tech ecosystem.

However, it is to be noted that this isn’t the first time that Pakistan has tried to expand itself with respect to technology as in 2006 the country had planned to spend $1 billion in order to introduce software parks but the effort was wasted. This time is completely different as the government will be attracting global investment to ensure the tech zones project does not go in vain.

Written by Usman Aslam
A tech enthusiast, writer, researcher and strategist working on the latest technologies and making an impact. Usman has been heavily focused on building communities, empowering people through technological trends and advancements for over 3+ years including many notable names such as IEEE Region 10, TEDx, Google Developers, United Nations Programmes, Microsoft Partner Program and much more. Reach out: Profile