The Government of Pakistan has focused on building up the innovation area in Pakistan. The Special Technology Zones Authority has been commanded to offer administrative and institutional help to energize speculations and innovative business in the innovation zones across Pakistan.
The Special Technology Zones Authority (STZA) has started the work to set up the primary Special Technology Zone (STZ) in Islamabad. The Islamabad Special Technology Zone will be the leader task of the Special Technology Zones Authority (STZA). To make the best in class foundation that can work with the business climate, a MoU has been endorsed between the STZA and iENGINEERING Corporation.
Mr. Amer Hashmi, Chairman STZA, expressed that the primary Technology Park in the Islamabad STZ will be set up soon. He further said,
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Islamabad Special Technology Zone depends on 150 sections of land of land in the Islamabad Capital Territory. The land has been distinguished and affirmed by the Capital Development Authority (CDA) and the land has been reserved for the foundation of the Islamabad Special Technology Zone.
The Islamabad Special Technology Zone (STZ) will incorporate the best in class iENGINEERING Technology Park. The Park will build up a business grounds, which will involve a group of midrise energy-effective structures more than 250,000 sq. ft in Islamabad STZ with an underlying venture of $2 million which will make in excess of 2,500 profoundly talented positions and will produce more than $100 million in the following five years. The Park will oblige neighborhood and unfamiliar innovation organizations with Pakistani proprietors, new businesses, and tech-center points which will at first emerge up to $50 million of zone endeavor combined yearly income for Islamabad STZ.
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The Special Technology Zones Authority has been ordered to build up an innovation driven information environment to energize hey tech inventive arrangements and advanced business. STZA will build up a public organization of Special Technology Zones which will change the monetary standpoint of Pakistan by improving IT sends out and empowering innovation and information move from worldwide innovation center points.
As per the Memorandum of Understanding, the two associations will cooperate to accomplish cutting edge modern development, set out work open doors, upskill the adolescent, and pull in Foreign Direct Investments (FDI) through the improvement of an information biological system driven by advancement and coordinated effort.
While tending to the social event, Mr. Riaz Ahmad, Chief Executive Officer of iENGINEERING Corporation, expressed that iENGINEERING Technology Park will have the principal mover advantage for the pilot innovation zone of Islamabad STZ. It will zero in on changing expense places into benefit focuses, which will altogether expand income limit. iENGINEERING Technology Park intends to work with the securing of unfamiliar Pakistani-drop organizations by giving a system to zone undertakings to contribute their benefits and gain new clients and produce new income streams. He further said, “that iENGINEERING Corporation has over 20 years of special operational involvement with the innovation area in USA and Pakistan.”
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While inviting the principal Tech Park engineer, Mr. Aamer Saleemi, Chief Executive Officer of Islamabad STZ, guaranteed his full help in the early execution of the venture. He said that Islamabad STZ will go about as an impetus for improving the IT fares of Pakistan and it is required to draw in more than $350 million Foreign Direct Investment in the innovation area which will give open positions to in excess of 200,000 young people of Pakistan. Islamabad STZ will be the best option in the district for worldwide tech organizations and ostracizes because of its cutting edge innovation strong foundation, worthwhile assessment motivating forces, and one-window administrations.
With the Honorable Prime Minister, Imran Khan, as President of the Board, STZA is a self-ruling body set up under the Cabinet Division, Government of Pakistan. The Authority has been commanded to advance the information based public biological system for animating and improving the multi-dimensional coordinated effort between the innovation business, the scholarly community, and government for 21st-century development, business, and new innovation creation.
