Korea’s Exim Bank is in the process of making a feasibility report on the IT Park that is set to be established in Islamabad. The Korean Team has been advised to complete the feasibility report of the Park at the earliest.
IT Park initiative from Korea is a $ 50 million investment in the local IT industry meant to uplift the local industry as well as strengthen the decreasing business volume between two countries.
The Park will be constructed in a span of 4 years and one million square feet area has been allocated for the hub of IT activity that will support small and medium IT companies of Pakistan.
While talking to the 13 -member Korean Eximbank Team led by Dr. Yim Deok Soon and Prof. Park Hung Kook, Minister for Information Technology, Anusha Rehman on Wednesday proposed all the partners to work collectively to achieve the breakthrough positively.
She advised the team to submit their report by next week so that the implementation of the IT Park could be done at the earliest possible time.
She also said that the Park in Islamabad would be followed by two more parks in Lahore and Karachi.
The team called on her and shared the feasibility study report of Pakistan’s first such park. It also discussed the noticeable features, models, suggested design and the plan for the state-of-the-art IT Park.
The minister stated that this park would provide a full ecosystem. She also said that there is a great talent for the IT in Pakistan, and this park would be an excellent way to enhance that ability to increase the IT exports of Pakistan which have already grown over forty percent since last year.