New IT Park Introduced More Than 15,000 Jobs to IT Experts In Pakistan
The main building of Islamabad’s Information Technology (IT) Park will be built this month, according to Ministry of Science and Technology officials. The federal capital’s Information Technology (IT) Park would create at least 15,000 jobs for IT experts, students, and professionals.
According to the details, all necessary provisions have been made, and the tendering procedure is nearing completion. The Capital Development Authority (CDA) has already approved the building’s design, and MoITT has also received approval from the Environmental Protection Agency (EPA). The park’s foundation stone was laid on Chak Shahzad last year by Minister of Information and Telecommunications Syed Amin Ul Haque, as part of the Digital Pakistan Vision.
An official from the Ministry revealed that the project would cost Rs13.72 billion in total. All electrical connections, drain channels, and purchasing have been completed. The building of a boundary wall and the payment of land taxes are already complete. On the Pakistani side, all work has been completed, and contract awarding on the Korean side is underway, with completion expected in the coming weeks.
On May 26, 2021, Minister of IT & Telecom (MoITT), Syed Amin Ul Haq, and Ambassador of the Republic of Korea, H.E Suh Sangpyo, laid the groundwork for the establishment of an IT Park in Islamabad at Chak Shahzad.
Islamabad IT Park will initially house 120 start-ups and small to medium-sized businesses, as well as supporting facilities such as testing laboratories, classrooms, an industry-academia linkage centre, an auditorium, and so on. The Ministry of Information Technology is currently collaborating with the Pakistan Software Export Board to establish software technology parks in Quetta, Gwadar, Faisalabad, Bannu, Swat, Mardan, Sukkur, and Hyderabad.
It will boost IT exports and industrial competitiveness, as well as attract federal direct investment in the IT sector. During the construction phase, it will directly and indirectly employ over 5,000 people. It will create an additional 5,000 direct and indirect jobs once completed.