The capital city of Islamabad is rapidly advancing towards becoming the region’s technological centre. IT parks in Islamabad are revolutionary idea to help startups grow and let them play an important role in country’s economy.
It prides itself on being home to some of Pakistan’s most well-known coworking spaces that are offering independent IT workers and freelancers the ideal platforms to succeed in their respective fields.
Additionally, Pakistan Software Exchange Board (PSEB), a government-funded organisation, has made a commendable move and started construction on the eagerly anticipated Information Technology (IT) park in Islamabad in order to further boost the field of digital technology in the capital.
In this blog, Graana.com, Pakistan’s smartest property portal, has comprehensively explained the IT parks in Islamabad.
A technology park, also known as a “science and technology park,” is a location dedicated exclusively to buildings and research facilities that are intended to accommodate businesses involved in science and technology.
It acts as a hub for IT experts where they have access to all the latest tools relevant to their line of work as well as cutting-edge infrastructure to guarantee high-speed connectivity.
The proposed IT park in Islamabad will strengthen the information technology (IT) industry and draw in international investment, according to Khalid Maqbool Siddiqui, the incumbent Minister for Information Technology and Telecommunication.
While further enlightening on the systematic and well-structured plan of actions as devised by the government, he specified, “Work on Information Technology Park in the federal capital, having state of the art facilities, has been initiated whilst the second IT Park would be established in Karachi to further strengthen this sector.”
According to the PSEB’s official website, Pakistan’s IT parks primarily strive to accomplish the following goals:
Founded in 1995 by the Government of Pakistan the Pakistan Software Exchange Board (PSEB) is helping boost IT exports by training individuals to establish their businesses in the technological era.
PSEB, which is directly under the direction of Pakistan’s Ministry of Information Technology and Communication, has the responsibility of assisting the country’s information technology sector by promoting it both at a national level as well as in global markets.
International marketing, IT facilitation and counseling facilities, data node operations (for enhanced bandwidth services), management of software and technology parks in Pakistan, planning, and structuring of research-based projects, and certification programs are a few of the primary services that PSEB strives for to provide for young IT professionals.
Pakistan Software Exchange Board also coordinates a variety of events and IT awareness programs on both national and international levels.
The organization of such events has proven to be one of the most effective ways to link up local IT experts with global organizations as it not only promotes Pakistan’s IT sector in the global market but is also a vital source of drawing in foreign investors.
To further promote Pakistan’s information technology industry in the most effective manner possible, PSEB works in conjunction with International Trade Associations (ITA) and also collaborates with more than 3000 IT/ITes enterprises located in other regions across the globe.
More than 15 active software and technology parks across the whole country are currently operating under the government. A news source says that Islamabad will have a science and technology park in the coming months. The goal is to give students access to research facilities that are on the cutting edge.
Ministry of Science and Technology and COMSATS University Islamabad (CUI) will introduce the subject of science and technology park.
The project has managed to gain a staggering PKR 50 million in government funding. this feasibility report will help them understand the different factors while establishing these parks.
According to Dr Raheel Qamar, rector of COMSATS University, the government intends to advance scientific research and education. In addition to offering contemporary facilities under one roof, the park will also encourage entrepreneurial activities.
We have listed the most well-known facilities in Islamabad with their names and the area they cover.
According to the statistical information acquired by PSEB, Pakistan is currently one of the most well-known regions in the realm of international IT business.
Additionally, during the past ten years, Pakistan’s information technology industry has consistently increased its annual income by 20 to 30 percent.
The establishment of science and technology parks has further aided in the growth of the IT sector across Pakistan.
Following is a summary of the analysis of the development of Pakistan’s IT sector:
This was the comprehensive summary of the most recent advancements in connection with the recently proposed IT park in Islamabad.
Being the capital city, Islamabad can benefit significantly from the state-of-the-art developments in the IT sector and can prove to be fruitful in generating potential candidates who can represent Pakistan at a global level.
On a side note, if you’re a tech enthusiast, you might also be interested to know that Pakistan recently ranked third in the global freelance market and 11th in international Esports earnings.
For more information on IT such as software technology parks, visit Graana Blog.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
