Technology

Government to set up software technology parks in Rawalpindi and Faisalabad

software technology parks

The growth in IT sector in Pakistan continues as Memorandum of Understanding (MoU) was inked for creating two software technology parks in Rawalpindi and Faisalabad. During the signing ceremony which was conducted at Ministry of IT, the Federal Secretary Ministry of IT & Telecom Shoaib Ahmed was the chief guest. 

The space allocated for software technology park to be built in Rawalpindi is 44,000 sq. ft and it would be set up at Amazon Outlet Mall. The new technology park is established due to a high demand in the technology sector for the resident of twin city. 

Meanwhile, the software technology park to be built in Faisalabad is the first ever technology house, which is about to be setup at Sitara Chemical’s Ali Fatima College of Science & Technology. The allotted space for the software technology park in Faisalabad will be 19,500 sq. ft. 

40 software technology parks to be set up across country

Pakistan Software Export Board (PSEB) to set up 40 STPs in next phase in different cities across the country to establish IT infrastructure.

Shoaib Ahmed Siddiqui, the Secretary of Information Technology, stated that the IT industry is a prime focus for the current government in order to enhance Pakistan’s economy, create jobs, and improve overall quality of life. As a result, the government is providing the business with a lot of help and very appealing advantages.

There are various programmes aimed at assisting and facilitating the IT industry’s growth trajectory and ensuring ongoing upward momentum in domestic and export revenue. 

He praised IT industry professionals and entrepreneurs for turning Pakistan’s ICT industry into a shining example for the country, with a phenomenal remittance inflow growth rate and the country’s largest net exporter of services.

He emphasised the importance of strong collaboration between the IT industry and government institutions in order to ensure Pakistan’s IT sector’s comprehensive growth. He also expressed gratitude to Pakistanis living abroad for their investment in Amazon Mall, which will now service IT firms, producing jobs and exports. 

Software technology parks are in high demand in Pakistan, according to Osman Nasir, Managing Director of the Pakistan Software Export Board. STPs are being established on a public-private sector cooperation model as a result of the rising IT industry. PSEB is also establishing STPs by converting abandoned buildings into cutting-edge STPs. 

Meanwhile, universities including Pakistan Sir Syed University of Engineering and Technology (SSUET) Karachi, Quaid-e-Awam University of Engineering, Sciences & Technology University (QUEST), Nawabshah, Bannu University, Ultrasoft Building Quetta, Vertexsoft Building Swat, and IBA Sukkur are working to build software technology parks. 

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