The government has allocated Rs. 90 million for the construction of 25 Software Technology Parks (STPs) around the country to promote IT startups, freelancers, SME’s, and IT businesses.
Both Pakistan and the IT sector will gain from this considerable acceleration of growth. It will also strengthen linkages between local universities and the IT industry.
By converting dilapidated public and privately owned office buildings, factories, and warehouses, it is anticipated that 25 STPs will be established throughout the country, particularly in Karachi, Lahore, and Islamabad, to provide IT-enabled office space to IT & ITeS enterprises at competitive prices.
The initiative made an effort to bring together leading-edge technological companies in an environment that encouraged cooperation toward a shared objective. This initiative will also motivate companies to increase IT remittances and international commercial ties.
