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Pakistan and South Korea sings Rs 10 billion loan pact for the establishment of IT Park in Islamabad

Amna Ansar Mar 22, 2017
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On Tuesday, Pakistan and South Korea Signs consent of Rs 10 billion loan for building the first state of the art IT Park in Islamabad.

The loan pact has been signed by the Ministry of Information Technology and Korea Exim Bank. The consent is signed in accordance with Prime Minister Nawaz Sharif’s vision of Digital Pakistan. Minister of Finance, Ishaq Dar was also present at the time of the agreement.

According to Ministry of Information Technology, the Islamabad Park will be spread over 42 acres of land. Minister of IT, Anusha Rehman told that the Park will have a data center and can accommodate more than 100 IT companies.

“Due to this project, 5,000 IT experts would be able to get jobs. In future, such IT Parks will also be established in Lahore and Karachi,” said Minister of Finance Ishaq Dar.

Minister expressed great interest in further partnership with Korea and mentioned that Korea also helped Pakistan for the construction of Islamabad-Lahore Motorway.

Korean delegation also expressed their interest for further business partnership with Pakistan. Korean representative appreciated the talented IT graduates that Pakistani universities are producing.

He said Korea is all set to help Pakistan for its prosperity.

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