A modern IT park will be installed in Chak Shahzad: Minister of IT
ISLAMABAD – Federal Minister of Information Technology and Telecommunications Syed Amin-ul-Haque laid the foundation stone for the Chak Shahzad computer park in Islamabad on Wednesday.
Ambassador of the Republic of Korea Suh Sangpyo was also present on the occasion.
Addressing the ceremony, Syed Amin-ul-Haque said it was very important news to the masses that the Ministry of Informatics and Telecommunications would establish a state-of-the-art computer park in Chak Shahzad, Islamabad. He said IT Park Islamabad would consist of a twelve-story stand-alone building (10 floors above and 2 below) covering an area of 66,893 square meters. He said the computer park will be developed with advanced infrastructure and related facilities for ICT companies with financial assistance from Exim Bank, Korea. The total cost of the project is 13,727.070 million rupees.
Amin-ul-Haque said that the project to establish an IT park in Islamabad is linked to the milestones of achieving Digital Pakistan Vision, which would not only alleviate the infrastructure shortage for the IT sector, but also facilitate the transfer of technology through industry-university linkage, supporting the commercialization of technology, linking higher education and production, promoting research and development and improving IT exports and industry competitiveness.
A park should be created with financial assistance from Exim Bank Korea
He said the Islamabad IT project is expected to provide more than five thousand direct and indirect jobs during the construction phase and around 15,000 job opportunities for IT experts, students and industry-related people after its completion. . He said that a similar type of computer park would soon be established in Karachi.
Speaking on the occasion, the Ambassador of the Republic of Korea, Suh Sangpyo, said that the construction of computer parks were key projects of the Economic Development Cooperation Fund (FEDE). In 2019, a framework agreement was signed with Pakistan to prove $ 500 million in EDCF loans which give financial leeway for the construction of infrastructure in Pakistan. “Today, we are witnessing together a tangible result of EDCF projects,” he added.
The Korean envoy said that it is very positive that revolutionary steps are taken in the IT and telecommunications sector in Pakistan and that the IT park in Islamabad will be a milestone for the IT ministry and Pakistani qualified persons.