Friday, March 21 2025

The Ministry of Information Technology and Telecommunication (MoITT), through the Pakistan Software Export Board (PSEB), has successfully launched 43 state-of-the-art Software Technology Parks (STPs) nationwide, spanning major and secondary cities. Established between FY2022 and FY2024, these tech hubs cover 1.9 million square feet, house over 350 IT and IT-enabled Services (ITeS) firms, and employ 18,000 professionals with women making up 20% of the workforce.

Collectively, these parks generate approximately $100 million in foreign exchange annually and contribute $15 million to the domestic economy. Key locations include Islamabad, Lahore, Karachi, Faisalabad, Quetta, Sialkot, and Swat, among others.

To further bolster the nation’s ICT sector, the government is investing in two major IT parks:

  • Karachi: A $186 million facility covering 1.12 million square feet, expected to be operational by 2027, creating 13,400 jobs and boosting IT exports by $90 million.
  • Islamabad: An IT park under construction spanning 720,000 square feet, slated for completion in 2025 for $88.4 million, with an estimated 7,500 new jobs and a projected export boost of $70 million.

As part of its broader digital transformation strategy, the government also plans to establish 250 e-Rozgaar centres nationwide by 2027 under the “Prime Minister’s Initiatives Support for Startups, Specialised IT Trainings, and Venture Capital” programme. These initiatives aim to expand Pakistan’s digital economy, enhance IT infrastructure, and support the rapidly growing tech industry.

Previous

Is Pakistan Set for a Digital Trade Breakthrough?

Next

Can Meta’s New AI Robots Transform Tech?

About Author

Fintech Desk

Jalaluddin Hyder is the filming geek at Madzine. He excels at media content, having experience with high-end filming and strategising for new innovative content for Madzine.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

WIDGETS ON SIDE PANEL

Don’t Miss

Samsung CEO Pledges Bold Moves for Growth in 2025

Samsung CEO Pledges Bold Moves for Growth in 2025

Fintech Desk

Samsung Electronics is gearing up for a transformative year in 2025 as it looks to revitalize growth through major deals and strategic acquisitions. At its annual general meeting, the company’s leadership faced intense scrutiny from shareholders, who voiced concerns over weak earnings, falling stock prices, and lagging AI-driven semiconductor advancements. A Pledge to Regain Competitiveness […]

Pakistan’s Trade & CA Trends Show a New Growth

Pakistan’s Trade & CA Trends Show a New Growth

Web Desk

Pakistan’s current account saw a near balance in February, posting a minimal deficit of $12 million, a sharp improvement from $399 million in January. For 8MFY25, the country recorded a $691 million surplus, contrasting last year’s $1.73 billion deficit. Despite this improvement, trade challenges persist. Imports fell by 8% to $5.0 billion, while exports declined […]

Samsung's AI Challenge A Do-or-Die Moment for Survival

Samsung’s AI Challenge: A Do-or-Die Moment for Survival

Fintech Desk

Samsung Electronics must embrace a “do-or-die” mindset to navigate the growing challenges in artificial intelligence (AI), according to a report by Yonhap. As the global AI race accelerates, Samsung is facing mounting pressure to keep pace with competitors like Nvidia and SK hynix, particularly in the high-bandwidth memory (HBM) chip sector. Despite being the world’s […]

Pakistan’s Media & Advertising Evolved in Ramadan 2024

Pakistan’s Media & Advertising Evolve for a Dynamic 2024

Nizam Khaskheli

The Pakistani media and advertising industry is on the brink of significant transformation, driven by rapid digitalization, evolving consumer behaviour, and the rising influence of artificial intelligence (AI). As industry leaders prepare for 2024, experts emphasize the importance of digital-first strategies, influencer marketing, and data-driven decision-making to stay competitive in an ever-changing media landscape. Shift […]

China vs Giants The New Big Leap in Quantum Technology

China vs Giants:  The New Big Leap in Quantum Technology

Nizam Khaskheli

The Next Quantum Leap: China’s Zuchongzhi-3 Reshapes the Race China has made a significant breakthrough in quantum computing with the unveiling of Zuchongzhi-3, a 105-qubit superconducting quantum processor that reportedly operates 10^15 times faster than the most powerful classical supercomputer. Developed by researchers at the University of Science and Technology of China (USTC), this advancement […]

The Best of Marketing Effie Awards 2025 Finalists

The Best of Marketing: Effie Awards 2025 Finalists

Nizam Khaskheli

The Effie Awards Pakistan has officially announced its finalists for 2025, recognizing the most effective marketing campaigns that have made a significant impact in the past year. Winning an Effie is a hallmark of excellence, signifying that a campaign was not only creative but also delivered tangible business results. The Road to Victory Not all […]