According to the information provided, the process of tendering goods and services is nearly finished. The Capital Development Authority has already given its stamp of approval to the building’s blueprints (CDA). Additionally, the Environmental Protection Agency has given its stamp of approval to MoITT (EPA). The cornerstone for the park that will be built on Chak Shahzad was put down by Syed Amin Ul Haque, who is the Minister for Information Technology and Telecommunications. An official in the Ministry disclosed that the project would be finished at a total cost of Rs13.72 billion (which is equivalent to $1.92 billion).
IT Park In Islamabad Offer 15,000 Jobs
The IT Park in Islamabad will have a total area of 66,893 square metres, including a total of twelve stories (two subterranean and ten above ground), and a total of two underground levels. It will give approximately 120 startups and small to medium companies (SMEs) office space, as well as facilities such as testing laboratories, classrooms, industry-academia linkage centres, auditoriums, and other such spaces. IT Park Islamabad is now being developed by the MoITT with financial aid from the Exim Bank of Korea. The entire project will set you back a total of $88.8 million dollars. The amount that will be covered by Pakistan is $12.5 million, and South Korea has already contributed $76.3 million.
Together with the Pakistan Software Export Board, the Ministry of Information Technology is actively trying to build software technology parks in the cities of Quetta, Gwadar, Faisalabad, Bannu, Swat, Mardan, Sukkur, and Hyderabad. These cities are located in Pakistan.
It will boost exports of information technology and industrial competitiveness, and it will also bring federal direct investment into the information technology sector. During the construction period, it is anticipated that it will provide direct and indirect employment to in excess of 5,000 people. When it is finished, it will result in the creation of an extra 5,000 employment, both directly and indirectly.