Govt. allocates Rs. 90 mln to establish 25 STPs.

ISLAMABAD -- 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.

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

The main objective is to facilitate IT startups, freelancers, SME's and IT companies operating across the country with a rental subsidy to meet their high operating costs and resolve workspace issues said an official of the IT ministry.

This initiative will also address workspace shortages in main cities like Karachi, Lahore and Islamabad and will provide a reliable and secure infrastructure...

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