The government has determined to establish an information technology park at the Jinnah International Airport in the trade and business center of Karachi at the price of 31 billion PKR.
As per the media report, the South Korean government has provided to fund the Information Technology park project including the provision of technical expertise.
In addition to that, the government is also initiating Information Technology parks in other cities, particularly Islamabad, in a try to provide a boost to the Information Technology field. Information
Technology is the only field that gives great opportunities for implementation.
The install of Information Technology parks will not only provide fresh momentum to the Information Technology field. Although, it will also give job opportunities for the masses.
South Korea is assumed to give eighty-five percent of financing for the project which amounts to almost twenty-seven billion PKR computed at the rate of one hundred and seventy rupees to a dollar.
Seoul will also provide fellowship coaching for the economic development of the Information Technology park regulation.
The total value of the project is approximated at 31 billion PKR. The government will organize around twenty-six billion dollars in overseas credits to complete the project. It will assemble the keeping fifteen percent of the cost from the federal Public Sector Development Program.
The Information Technology Park will house about two hundred and then Information Technology companies having 8400 workforces. It will feature the general services, offices, daycare centers, and parking amnesty. Compute with an Information and Communication Technology system, safety features, and a data center. The Information Technology Park is supposed to grow the evolution of Information Technology collection and enhance export income and exhibition Pakistani innovations and services in the Information Technology industry before the international audience and users.