Govt Allocated only Rs. 9 Crore to Establish 25 Software Technology Parks to Facilitate IT Companies & Freelancers

Tech and Telecom

The government has allocated Rs. 90 million for the establishment of 25 Software Technology Parks (STPs) across the country to facilitate IT startups, freelancers, SME’s and IT companies.

This will be a massive boost for the IT sector as it enhances the growth rate and will be beneficial for Pakistan as well. It will also strengthen the linkage between the IT industry and local universities

The establishment of 25 STPs across the country including in Karachi, Lahore, and Islamabad by converting public, privately owned, and dilapidated office buildings, factories, and warehouses to provide IT-enabled office space to IT & ITeS companies at affordable rates is expected.

The project aimed to bring together innovative technology companies in a work conducive environment and work together for the same purpose. This project will also help in boosting IT growth, and encourage companies to the growth of IT remittances and international business collaborations.

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