PM orders establishment of massive 40-acre software city in Islamabad

ISLAMABAD: In a bid to boost Pakistan’s IT sector, Prime Minister Imran Khan has directed the establishment of a massive 40-acre software city in the federal capital with exports target of $10 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

The decision came after a meeting was held with the higher management officials of the Ministry of Information Technology and Telecommunications.

Upon deliberation, the meeting finalised a set of decisions to boost Pakistan’s contribution to the global IT domain, resulting in the PM’s directives for the construction of the software city and abolishment of the double tax imposed on software exporters by both, federal and provincial governments.

The state-of-the-art facility will provide a platform for technology start-ups and companies and further help develop by investing in their growth. The focus on software startups will be critical to drive the economy through Pakistan’s IT contributions.

In addition, relief package for small scale software exporters will be introduced by the federal government to assist their growth.

The government will also supply foreign currency to software exporters at a rate that is lower than that of the market to the exports to achieve the goal of $10 billion in IT exports.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

23 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago