Technology

Govt. to set up IT park at the Jinnah International Airport Karachi

The government will set up an  Information Technology (IT) park at the Jinnah International Airport Karachi.

According to the official source, the IT park will be set up at a cost of Rs31 billion in Pakistan’s trade and business hub.

The IT park will house about 210 IT companies having 8,400 employees. The project will include a multi-storey office building as well.

Reportedly, Pakistan Software Export Board (PSEB) would act as the project executing agency and would complete it in six years.

The news source reveals that the IT park would be spread over an area of 106,449 square metres with eight floors above the ground and three basement floors.

South Korean government has offered to finance the IT park project including the provision of technical expertise, the source reveals.

Related Post

The total cost of the project is estimated at Rs31 billion. The government of Pakistan will arrange around Rs26 billion in foreign loans to complete the project. It will meet the remaining 15% of the cost from the federal Public Sector Development Programme (PSDP).

South Korea is expected to provide 85% of funding for the project, which amounts to around Rs26.4 billion calculated at the rate of Rs170 to a dollar.

The news source has revealed that the Korean consultants and the PSEB have conducted a feasibility study including a detailed survey for demand analysis of the IT park.

Seoul will also offer fellowship training for capacity-building of IT park management, it added.

The report highlighted three broad factors behind the worldwide growth of IT parks, source claims.

Furthermore, the government is also setting up IT parks in other cities, particularly Islamabad, in a bid to give a boost to the IT sector.

NewsDesk

Recent Posts

  • Latest News

Inflation hits a historical high in Pakistan

Inflation hits a historical high in Pakistan, reaching a level of 42.31%! The Bureau of…

2 hours ago
  • Latest News

Imran Khan not allowed to meet Shahbaz Gill at PIMS

Imran Khan after not being allowed to meet Shahbaz Gill at PIMS, announces nationwide rallies…

2 hours ago
  • Latest News

Saeed Ghani, Shehla Raza resign as Sindh Ministers

Saeed Ghani and Shehla Raza have resigned as Sindh Ministers on Friday Both the PPP…

2 hours ago
  • Latest News

Attack on Salman Rushdie ‘unjustifiable’, says former PM Imran Khan

Former prime minister Imran Khan condemned the knife attack on Salman Rushdie in an interview…

3 hours ago
  • Latest News

Imran Khan claims Shahbaz Gill was sexually abused

Imran Khan claims that Shahbaz Gill was sexually abused in police custody. Pakistan Tehreek-e-Insaf (PTI)…

3 hours ago
  • Music

Nazia Hassan Shines On Times Square’s Billboard as EQUAL Ambassador

Remembered as one of the most influential singers in the sub-continent and referred to as…

6 hours ago