Tag: Pakistan IT sector

  • SIFC approves construction of largest IT park in federal capital

    SIFC approves construction of largest IT park in federal capital

    The Special Investment Facilitation Council (SIFC) has approved the establishment of Pakistan’s largest IT park in the G-10 sector of the federal capital, covering an expansive area of 3.3 acres.

    This development follows the decision by the Capital Development Authority Board earlier this month to undertake the construction of the IT park in Islamabad.

    According to APP, negotiations are currently underway with key stakeholders, such as the Pakistan Software Export Board and the Ministry of Information Technology and Telecommunication, to ensure the successful execution of the IT Park project.

    Operating under a public-private partnership framework, the project aims to become a hub of technological advancement, offering a wide range of facilities aimed at nurturing creativity and entrepreneurship.

    The IT Park will feature a state-of-the-art research centre, a well-stocked library, software houses, conference rooms, dedicated workspaces for freelancers and startups, and an exhibition area for showcasing cutting-edge IT products.

    Approximately 6,000 freelancers are expected to benefit from access to these top-notch facilities, empowering them to make significant contributions to Pakistan’s economic landscape through the provision of e-services.

    The construction of this IT hub will be financed through collaboration with private IT companies, which will also lease office spaces within the premises.

  • Nokia’s CEO to visit Pakistan soon, key talks expected on 5G and 6G technology

    Nokia’s CEO to visit Pakistan soon, key talks expected on 5G and 6G technology

    Dr Umar Saif, the Caretaker Federal Minister for IT and Telecommunications, announced that the CEO of Nokia, the Scandinavian cellphone manufacturer, is planning to visit Pakistan. 

    https://twitter.com/umarsaif/status/1699116175018336620?s=20

    This announcement followed a meeting between Dr Umar Saif and Wille Eerola, the Consul General of Pakistan in Finland and Chairman of the Finland-Pakistan Business Council. During their meeting, they discussed mutual interests and increasing IT exports.

    Saif highlighted the significant opportunities for expanding Pakistan’s IT exports in Scandinavian countries. He also mentioned that Nokia is assembling 4G phones in Pakistan and that discussions about 5G and 6G technology would take place during the CEO’s upcoming visit to Pakistan.

    In addition, Wille Eerola extended congratulations to Dr Umar Saif for his appointment as the Caretaker Federal Minister for IT and Telecommunication.

  • Karachi to gets its own IT park in two years

    Karachi to gets its own IT park in two years

    A private company will be establishing a state-of-the-art technology park in Karachi to boost Information Technology (IT) sector in Pakistan.

    The park will have high-end technological facilities for local software houses and companies, and it will be the first technology park in the port city, the commercial hub of Sindh.

    According to the official notification to the Pakistan Stock Exchange (PSX), the company has acquired 10,002 square yards of land in the Korangi Industrial Area.

    The IT park is likely to be completed within two years, inclusive of the planning and designing phases.

    According to the reports, the purpose of establishing technology parks is to boost their productivity by creating a helpful environment and available facilities.

    A special technological zone was recently set up in Islamabad to promote Pakistan’s IT sector. The government is working to promote the IT industry and services while catering to both the local and international markets.

    The sector had a remarkable performance over the last six months in terms of exports and the development of e-commerce at the local level while pushing the limits of the innovation of products and services.

    One of the reasons why the IT sector boomed in India and the Philippines is that many IT parks have been established in these countries, which resulted in a robust increase in productivity and exports in this sector.