For Islamabad Special Technology Zone, Govt Allots 140 Acres
Islamabad: According to news sources, Prime Minister Imran Khan has authorized the allocation of 149 acres of land for the establishment of Islamabad’s first Special Technology Zone. This area will be utilized by the Special Technology Zone Authority (STZA) for information technology (IT) businesses.
The designated land is in Chak Shahzad. Mr. Mansoor Ahmad Qureshi, the chief operating officer (COO) of the STZA, indicated that the prime minister has instructed the STZA to construct technology zones.
Specific by-laws are being written in collaboration with provincial governments and the Capital Development Authority in all provinces across the country (CDA). In a similar fashion, STZA will supervise and regulate these technology zones, which will allow multinational and domestic enterprises to build offices.
In addition, according to Qureshi, STZA has thus far received 39 applications from a variety of industries, with a decision still waiting. He stated that the Prime Minister has approved the transformation of the Knowledge Park in Lahore into a Special Technology Zone. Similarly, the federal government has mandated the establishment of 14 new STZs in all provinces across the country.
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