ISLAMABAD
\nFederal Minister of Information Technology and Telecommunication on Monday laid the foundation stone for the largest IT Park in Karachi to make the city a gateway for innovative future.
\nAn inaugural ceremony for the IT Park was held at the site near the Karachi Airport, said a news release. More than 20,000 IT professionals will get job opportunities after the completion of this project worth Rs 42 billion, it added.
\nAddressing the groundbreaking ceremony, Federal Minister for IT and Telecommunication Syed Amin Ul Haque congratulated the people of Karachi, Sindh and the whole country on the launch of the project.
\nHe said the Karachi IT Park would be a gateway for innovative future and strengthen economy. He said MQM\u2019s first priority has been to launch projects of public interest, and the Karachi IT Park was a prime example in this connection.
\n\u201cKarachi IT Park is the largest IT project of its kind in Pakistan, which will benefit not only the citizens of Karachi, but also the IT professionals and companies of Sindh and the rest of Pakistan,\u201d he added.
\nSyed Amin Ul Haque highlighted that the Project titled \u201cEstablishment of IT Park, Karachi\u201d was approved by ECNEC in its meeting held on June 4, 2021 at capital cost of Rs 41 billion & 39 crore (USD 186.658 Million) including Rs 35 billion 13 crore (USD 158.416 million) from Korean Exim Bank as loan and PSDP local share of Rs 6 billion 25 crore (USD 28.242 Million). The project shall be completed in June 2026.
\nThe Federal Minister for IT while congratulating the entire team including the MOITT officials and Pakistan Software Export Board for the IT Park project said that their hard work day and night had played a major role. The dream of the Karachi IT Park has come true despite all the difficulties to get the project approved, he said.
\nSyed Amin Ul Haque said that these parks provide a place where innovative businesses could develop and prosper. Most Software technology\/IT parks provide ample space for business development. Governments all over the world often invest in these technology parks to boost their regional and national economies.
\nHe said technology parks must comply with basic infrastructure requirements such as clean facilities and ample working space. However, tech parks were also equipped with the latest technology and telecommunication facilities that make it easy to establish and manage a business.
\nThe main objective of technology parks was to support the creation and development of knowledge-based enterprises. The range of services offered by the parks was closely linked to the functions that they had to fulfill, he said, adding the benefits of the technology parks were not limited to enterprises and tenants of the parks, but also for companies outside the parks.
\nThe benefits of technology parks included boost in knowledge based economy, entrepreneurship and latest technologies, he said. He said the IT Park Karachi was an eleven-storey (8 storeys above and 3 underground floors) self-contained building having covered area of 106,449 square meters.
\nThe Technology Park, Karachi is providing office space to approx. 225 start-ups and small to medium enterprises and other ancillary facilities like testing laboratories, class rooms, industry academia linkage center, and auditorium etc. It shall generate more than 20,000 jobs for IT professionals.
\nSyed Amin Ul Haque said that the Ministry of IT and Telecommunication achieved many milestones in the last four years including a long list of policies.
\nMentioning the projects related to ICT and connectivity in last four years, he said that the MOITT through Universal Service Fund (USF) had launched 70 projects of OFC and broadband in four provinces at a cost of Rs 65 billion.
\nIn province of Sindh, 20 projects of NGBSD and OFC worth Rs 16.30 billion have been started so far in 20 districts, including Tharparkar, Nawabshah, Khairpur, Larkana, Badin, Jacobabad, Shikarpur, Mirpurkhas and Dadu.
\nHe said that for the first time in Pakistan, smart phone manufacturing licenses were issued, under which 29 companies were now manufacturing smart phones and digital devices in Pakistan. National Incubation Centers were established in Karachi, Lahore, Islamabad, Peshawar, Quetta and recently in Faisalabad and Hyderabad as well, said.
\nAs a result of these initiatives, he said, the volume of IT exports had reached $2.62 billion which was an increase of 47 per cent, while 30 software technology parks (STPs) were established across the country under public-private partnership. With an increase of 800 per cent, the amount of investment for Pakistani start-ups had reached $818 million in 4 years, he added.
\nThe minister said steps had been taken to provide IT training facilities of international standard to the fresh IT graduates. The Center of Excellence project for youth training in University of Karachi was under consideration. \u201cWe have registered 3.1 million people in DG Skills program,\u201d he said.
\nFormer Federal Minister Dr. Khalid Maqbool Siddiqui, Special Assistant to CM for IT Tanzeela Umm-Habiba, Counsel General of South Korea, Chief Secretary Sindh Dr. Suhail Rajput also addressed the ceremony. Earlier Member IT & caretaker MD Pakistan Software Export Board Syed Junaid Imam delivered welcome speech and highlighted the salient features of the IT park project.
\nThe ceremony was also attended by diplomats, MQM members of national and provincial assemblies, chief secretary Sindh Dr. Muhammad Sohail Rajput, federal and provincial secretary IT, academia, representatives of EXIM Bank Korea, officials of Pakistan Software House Association, prominent business and industrial personalities and professionals. <\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Federal Minister of Information Technology and Telecommunication on Monday laid the foundation stone for the largest IT Park in Karachi to make the city a gateway for innovative future. An inaugural ceremony for the IT Park was held at the site near the Karachi Airport, said a news release. More than 20,000 IT professionals […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-293819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n