The Capital Development Authority (CDA) has initiated plans to develop Pakistan's largest Information Technology Park (IT Park) in Islamabad through a collaborative effort between the public and private sectors.
This endeavor corresponds with the objectives of Prime Minister Shehbaz Sharif to enhance the country's IT exports. The proposed project will occupy a 3.3-acre area in Sector G-10, following official approval from the CDA Board. The IT Park is expected to cover approximately 100,000 square feet of space, accommodating up to 6,000 freelancers simultaneously.
Designed to foster innovation and collaboration, the IT Park will feature various facilities, including a research center, library, software houses, conference halls, and dedicated workspaces for freelancers and startups. Moreover, designated areas will be allocated for showcasing IT products.
Funding for the construction of the IT Park will be provided by private IT firms, which will also lease office spaces within the complex. However, the CDA will retain management and ownership of the Park.
Prime Minister Shehbaz Sharif recently convened a meeting with stakeholders from the IT and Telecom sectors to formulate a comprehensive strategy for boosting IT exports. He emphasized the importance of equipping the youth with IT education and skills, as well as facilitating initiatives for startups.
PM Shehbaz highlighted the positive outcomes of previous initiatives in the IT sector, particularly the resolution of banking-related issues for startups, freelancers, and IT companies. He expressed confidence in surpassing the projected IT export volume of three billion dollars and urged for further improvements. Additionally, he emphasized the necessity of implementing legal and policy measures to attract investment and enhance IT exports.