Ministry plans to set up 18 more technology parks by December

ISLAMABAD: The Ministry of Information Technology has set a target to establish 18 more software technology parks by the end of December 2022, taking the number of technology parks up to 40 by December 2022.

A senior official of the Ministry of Information Technology said that the  ministry has plan to establish 18 more Software Technology Parks in order to provide space, related facilities and services to IT sector companies.

He said that the facility is part of the government strategy to develop IT zones and software parks besides setting up purpose-built software technology parks in major cities of the country.

He said that these IT zones, software and technology parks would help promote efficient and cost-effective collaboration, digitalisation, R&D entrepreneurship and innovation to meet the needs of the modern era.

“The setting up of IT parks will not only give a fresh impetus to the IT sector, but it will also provide job opportunities for the people,” he added. He said that Pakistan’s IT companies were providing services to world institutions in over 120 countries. He said that Pakistan’s IT industry was rapidly progressing and our IT exports are also increasing.

The official said that the federal government is focusing on increasing the growth of the IT sector to enhance exports, adding it is contrary to the past practices when excessive reliance was placed on exports from traditional sectors like textile.

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