• Region
    • Pakistan
    • UAE
    • Saudi Arabia
    • Qatar
    • Bahrain
    • Oman
    • Kuwait
  • About
  • Press Kit
  • Media Pack
  • Contact
Wednesday, July 2, 2025
CEO Times
No Result
View All Result
Subscribe
  • Login
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
CEO Times
No Result
View All Result
Home Sector Information Technology

PSEB to Establish 10 Software Technology Parks This Year

13 June 2023
in Information Technology
Reading Time: 2 mins read
0
Software Parks

By the end of this year, the Pakistan Software Export Board plans to open ten software technology parks.

The initiative intends to establish a network of technology parks in Pakistan’s secondary and tertiary cities and towns by converting old or defunct office buildings, industries, and warehouses into IT-enabled office space for IT & ITeS enterprises at cheap rates.

The goal of constructing software technology parks in existing building facilities in Pakistan’s secondary and tertiary cities, such as Karachi, Lahore, and Islamabad, is to provide cost-effective, cheap office space and reliable ICT infrastructure for IT SMEs and startups.

Buildings have been spotted in Gujrat, Gujranwala, Sialkot, Jamshoro, Abbottabad, Mangora Sawat, and Khuzdar, according to PSEB. In Manhesra and Quetta, STPs are now being established.

The Pakistan Software Export Board and the Balochistan University of Information Technology, Engineering, and Management Sciences have signed a memorandum of understanding for the creation of a software technology park at the university. In May, companies will be invited to see the area and provide input at a project open house. Following that, IT businesses will settle on a site and a contract will be awarded for the available space.

The project was started, according to PSEB, to provide state-of-the-art IT sector facilities, as well as uninterruptible high-speed internet services and training to the region’s young IT professionals under one roof. IT Park will give space, modern facilities, training, and guidance to private IT enterprises and professionals in order to help them grow their businesses. During the first 12 months after the establishment of the particular STP and for the duration of the project life, inhabitant companies will receive a 25% rental discount as well as free internet access.

These STPs would assist improve IT exports by bridging gaps in technology and infrastructure access in secondary and tertiary cities.

Source: ProPakistani

Related Posts

Quantix Technology financing from Citi

Quantix Technology Secures $500 Million Asset-Backed Financing from Citi

16 December 2024
Hub71 Logo

Hub71 Startups Secure Over AED 7 Billion in Funding

6 December 2024
Netsol

NetSol Technologies to Sell 2 Million Treasury Shares Under Employee Share Option Scheme

26 November 2024
COLABS

COLABS Secures $2 Million Pre-Series A Funding to Fuel Expansion into Saudi Arabia

25 October 2024
Next Post
Toyota

Toyota Pakistan suspends all car bookings on prevailing uncertainty

Copyright © 2024 CEO Times (SMC-Private) Limited

  • Privacy Policy
  • Terms & Conditions
  • Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • Magazine
  • Podcasts
  • About
  • Contact
  • Media Pack

Copyright © 2024 CEO TIMES (SMC-Private) Limited