Establishment of Information Technology Parks in Progress

Engineering Post Report

The Software Technology Parks (STPs)  are a major factor in facilitating  IT companies and play a major  role in the development of the Information Technology industry.

A new state of the art IT Park in Islamabad is being established  under financing from Korea Exim Bank through the Economic Development Cooperation Fund with more than 61000 square meters of covered area. It shall be a G plus 9  structure with two basements for parking.

The total land available  for IT Park Islamabad  is 14.9 acres located in Chak Shahzad.

The estimated cost of the project  is $ 88.383  million  for which the loans has already been signed and the design phase of the project is in progress making headway.

This project shall be completed and become operational in 2022.  Additionally to this,  a consortium  of Korean consultants  has also been engaged  to conduct a detailed feasibility study of  establishing  an IT Park in Karachi. The feasibility study has since been completed and project  worth $ 186 million is expected to be funded through the Economic Development Cooperation Fund of Korea Exim Bank.