Govt to allocate Rs400mn for IT Park

ISLAMABAD: The government has announced that Rs400 million will be allocated for the development of an IT park in Karachi as part of the Public Sector Development Programme (PSDP 2021-22).  

According to details, the Ministry of Information Technology and Telecom is set to  execute 17 new projects worth Rs7,050 million during the on-going fiscal year.

The details state that the government will execute several projects including hybrid power solution solarisation for remote sites in AJK worth Rs365.528 million, national centers of research innovation and entrepreneurship in AAI and allied technologies (NCRIE-AI) feasibility study worth Rs160 million, hybrid power solution solarisation for remote sites in Gilgit Baltistan worth Rs365.528 million, establishment of Sino-Pak center for artificial intelligence worth Rs312 million and protection and up-gradation of Pak-China Phase-1 CFC project of establishment of cross border connectivity project worth Rs500 million. 

Funds will also be allocated for projects like blended virtual education worth Rs955 million, cellular services in AJK-GB worth Rs616 million and raising smart capital through the private trading market at PSK (PSEB) worth Rs100 million. 


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