Rs41bn Karachi IT Park to provide 20,000 jobs after completion.

KARACHI -- The ministry of information technology and telecom is set to launch an ambitious multi-billion-rupee IT Park project that would house more than 200 tech companies and creating employment opportunities for 20,000 young IT professionals.

Federal IT and Telecom Minster Syed Amin-ul-Haque would perform the groundbreaking of the project near Karachi airport on Monday (today).

Officials said that the IT Park project was approved by Ecnec in June 2021 with an estimated cost of Rs41 billion. Exim Bank, Korea will contributes Rs35bn while the remaining amount would be borne by the federal government under its public sector development programme. The project is expected to be completed by June 2026.

'The purpose of the IT Park is to...

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