Karachi IT Park to create 20,000 jobs, attract millions of foreign exchange.

ISLAMABAD -- The largest state-of-the-art information technology Park in Karachi would create 20,000 job opportunities for IT professionals and would help attract millions of dollars precious foreign exchange after its completion.

'The IT Park to be constructed near the Karachi Airport at the cost of Rs 42 billion is likely to create more than 20,000 IT professionals job opportunities after the completion,' said an official of the IT ministry

He said the Karachi IT Park would be a gateway for an innovative future and a strengthened economy. 'Karachi IT Park is the largest IT project of its kind in Pakistan, which will benefit not only the citizens of Karachi but also the IT professionals and companies of Sindh and the rest of Pakistan,' he added.

He said, that the Establishment of IT Park, Karachi was approved by ECNEC in its meeting held on June 4, 2021, at a capital cost of Rs 41 billion and 39 crores (USD 186.658 million) including Rs 35 billion 13 crores (USD 158.416 million) from Korean Exim Bank as loan and PSDP local share of Rs 6 billion 25 crores (USD 28.242 million).

The main objective of technology parks was to support the creation and development...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT