Federal Minister for Information Technology and Telecommunication Syed Aminul Haq has announced the setting up of an IT park in Karachi and a piece of land costing Rs31 billion has been acquired from the Civil Aviation Authority near Karachi airport for the project.
“Plots will be available at much lower rates in the IT park to encourage maximum number of small and medium enterprises (SMEs) associated with IT services to establish their businesses, which will be fully equipped with state-of-the-art infrastructure and all IT-related facilities,” said the minister.
He was speaking at a meeting with traders during his visit to the Karachi Chamber of Commerce and Industry (KCCI).
The move was welcomed by the financial and technology consultants.
“This will enable our SMEs to grow at a faster pace, which is the need of the hour, keeping in mind not just our current economic situation, but also the overall global situation,” said Saad Gadit, Co-founder Savyour.
“This step will help in creating an efficient ecosystem, which comes when likeminded individuals working with the same vision come together. It also helps in model and information sharing; hence the beneficiaries are significantly higher.”
