• Pakistan’s largest Information Technology Park project was launched in Karachi
• The project was approved by ECNEC at an estimated cost of Rs41.39 billion
• The project would be completed in June 2026.

KARACHI: Federal Minister for Information Technology and Telecommunication Syed Amin-ul-Haque on Monday launched Pakistan’s largest Information Technology Park project in Karachi.

The minister laid the foundation stone in a ceremony at the project site near Karachi Airport that would provide state-of-the-art facilities to national and international companies besides job opportunities for more than 20,000 IT professionals.

The project was approved by ECNEC at an estimated cost of Rs41.39 billion or $186.658 million which included a loan amounting to $158.416 million by Korean Exim Bank (EXIM) and PSDP local share of Rs6.25 billion. The project would be completed in June 2026.

Speaking at the ground-breaking ceremony, the IT minister felicitated the people of Karachi on the launch of the project., adding that projects of public interest were the first priority of the government

The minister said the largest IT project of its kind in Pakistan would benefit not only the citizens of Karachi but also the IT professionals and companies of the entire country. He called for gearing-up development work to complete the project in the shortest possible time.

He said the core objective of the park was to provide a place equipped with IT and telecommunication basic infrastructure requirements and ample working space to enable innovative businesses to develop and prosper.

The Karachi IT Park would support the creation and development of knowledge-based enterprises besides offering a range of services, would boost knowledge based economy, entrepreneurship and latest Technologies as well, he said

He added that eleven-storey building would provide office space to nearly 225 startups and Small to Medium Enterprises and other ancillary facilities like testing laboratories, class rooms, industry academia linkage centre, and auditorium, etc.

The minister further said that the Ministry of IT and Telecommunication has achieved many milestones launched 70 USF projects of OFC and broadband in four provinces at a cost of Rs65 billion.

He said that for the first time in Pakistan, smart phone manufacturing licenses were issued, under which 29 companies were now manufacturing smart phones and digital devices in Pakistan.

He said that National Incubation Centres (NIC) were established in Karachi, Lahore, Islamabad, Peshawar, Quetta and recently in Hyderabad as well while the seventh NIC would be set up in Faisalabad.

As a result of these initiatives, the minister said the volume of IT exports has reached $2.62 billion with an increase of 47% while the amount of investment for Pakistani startups has reached $818 million.

He added that steps have been taken to provide IT training facilities of international standard to the fresh IT graduates and the Centre of Excellence project for youth training in University of Karachi was under consideration.

Former Federal Minister Dr Khalid Maqbool Siddiqui, Special Assistant to Chief Minister for IT Tanzeela Umme-Habiba, Consul General of South Korea to Pakistan Kim Haksung and Chief Secretary Sindh Sohail Rajput also addressed the ceremony.

Pakistan Software Export Board (PSEB) interim MD Syed Junaid Imam delivered welcome speech and highlighted the salient features of the IT park project.