After being dissatisfied with the Special Technology Zones Authority’s (STZA) lacklustre performance, Prime Minister Shehbaz Sharif established a committee to activate the STZA.
The country’s youth are reportedly finding employment on their own in the IT sector, according to the prime minister, but the relevant authority is useless. Ishaq Dar, the Minister of Finance, will preside over the committee, which will also include Senator Afnanullah, the Chairman of the CDA, and the Ministers of Information Technology, Law, and Investment.
The committee has been given a week to present its suggestions for turning on the Special Technology Zones Authority. Additionally, the authority’s board of governors needs to be appointed right away.
The group was instructed to make sure the Board of Governors included subject-matter experts, and to focus on the organization’s primary goal—the advancement of technology in the nation—instead of purchasing plots.
During a thorough explanation of Special Technology Zones to the group, it was revealed that 400 firms are presently registered with the authorities, of which 63 percent are from Pakistan. The other companies are from China, the USA, Turkey, and other nations. The Board of Governors of the Authority and the problems were also covered in the briefing.
The authority was given priority approval by the prime minister to aggressively and successfully carry out actions in order to fulfil its role in domestic IT exports.
