Two software parks to be established in Faisalabad and Rawalpindi
The software parks are top priority from the government to improve Pakistan’s economy, create jobs, and lift the overall quality of life.
Recently, a meeting was conducted by the IT Secretary Shoaib Ahmed Siddiqui, to commend the performance of IT professionals and entrepreneurs in making Pakistan’s ICT industry a success story.
According to details, the IT experts have achieved stellar growth in remittance inflows, making Pakistan the largest net exporter in the services sector of the country.
During the meeting, the IT Secretary stressed the need for close liaison between the IT industry and public sector entities to ensure that the comprehensive growth of Pakistan’s IT sector continues to flourish.
Pakistan Software Export Board (PSEB) Managing Director Osman Nasir said:
There is a strong demand for software technology parks in the country. In line with the booming IT industry, software technology parks will now be set up under the public-private partnership model.
It is pertinent to mention that PSEB is setting up software technology parks by converting unused buildings into state-of-the-art technology parks. According to reports, two Memoranda of Understanding (MoUs) were signed on Thursday for setting up software technology parks in Faisalabad and Rawalpindi. The parks are being established to enhance the growth of the IT industry in Pakistan.
Details about the Software Technology Parks
Reports state that the first-ever software technology park will be set up in Faisalabad at Sitara Chemical’s Ali Fatima College of Science and Technology, with an area of 19,500 square feet. The second technology park will be set up at Amazon Outlet Mall Rawalpindi, covering an area of 44,000 square feet.
The IT Secretary Shoaib Ahmed Siddiqui said:
The IT industry is receiving top priority from the government to improve Pakistan’s economy, create jobs, and lift the overall quality of life. Accordingly, the industry is being provided with strong government support and extremely attractive incentives.
He further shared:
There are several projects aimed at facilitating and assisting the IT industry in its growth and ensuring a continued upward momentum in domestic and export earnings.
IT professionals and entrepreneurs are excited to see how all these IT-related ventures may benefit the industry, as the government is doing its part in helping the IT sector of Pakistan to thrive.
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