News

40 software technology parks in the works under public-private partnerships

The Ministry of Information Technology on Sunday announced while quoting the Minister of IT, Syed Amin Ul Haq, that work is under progress to establish a network of software technology parks across the country under which some 40 such parks will be established all over the country, including Swat, Bannu, Quetta, Faisalabad, Karachi and Sukkur.

The ministry also added that the parks functional in Gilgit and Hyderabad are already generating “millions of dollars” within a few months of their establishment. Meanwhile, plans are underway to establish a further 25 software technology parks in smaller areas. It was also revealed that work would soon begin for IT parks in Karachi and Islamabad with Rs. 44 billion.

Earlier, Fazal software technology park was established under the Pakistan Software Export Board (PSEB), in January, with 10 IT companies occupying some 40,000 square feet of space. The development of software technology parks is part of the government’s policy to introduce “ease of doing business” measures to boost the IT industry and its exports further. However, the recently proposed withdrawal of tax exemptions, and its impact on the IT industry, risks derailing the impressive progress made by the sector so far.

Read More: Software technology parks to be established in 11 districts of KP.

Sponsored
Ahsan Zafeer

A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer

Share
Published by
Ahsan Zafeer

Recent Posts

Pakistan’s IT Minister Defends Internet Restrictions: Here’s All We Know!

Shaza Fatima Khawaja, Minister of State for IT and Telecom, made it clear on Thursday…

2 mins ago

PayPal Resolves Global Outage Impacting Thousands

PayPal, the global payment processing company, announced on Friday that it had successfully resolved a…

51 mins ago

7,300 Teaching Interns Hired Across Punjab

LAHORE: Punjab government colleges have completed the recruitment of 7,354 teaching interns. The Higher Education…

1 hour ago

Pakistani Engineers To Get Free AI Training from PEC

The Pakistan Engineering Council (PEC) is launching a free six-week online training program on Generative…

2 hours ago

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

15 hours ago

WhatsApp Trials Group Chat Mentions in the Latest Status Update Feature

WhatsApp is rolling out a new feature in its latest Android beta version, allowing users…

15 hours ago