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Home Sector Information Technology

Private Sector Technology Park planned for Lahore

9 February 2021
in Information Technology
Reading Time: 1 min read

The rules of the Area Development Plan recently implemented by the Lahore Development Authority (LDA) seem to be gaining momentum by encouraging developers to plan groundbreaking large-scale projects along Lahore’s main arteries, rather than so far illegal and unsightly strip development. Two projects of 101 channels and 88 channels were accepted in a recent meeting of the LDA governing body. Lahore’s Zaamin Company, the developer of a private housing scheme, Zaamin City, has announced plans to set up three technology parks on approximately 150 canals each to help government efforts to increase IT exports to $10 trillion per year over the next five years. A Special Technology Zone Authority has been formed by the Prime Minister and incentives for the creation of technology zones have been announced. In a recent conference, Overseas Investors Chamber of Commerce & Industry (OICCI) Chief, Mr. Haroon Rashid suggested that Pakistan needs to put 5-10 million square feet space quickly underutilization

Source: Business Recorder

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