Pakistan is heavily relying on its “Tech Zones” to improve the outcome of the IT industry. It is expected that the Special Technology Zones will help to double the output of the IT industry. The tech zones will not only create employment opportunities for the youth but will also be a source of investment from abroad.
Pakistan is currently the 5th in terms of population density. According to Amer Hashmi, Chairman STZA, Pakistan is expected to open up at least 12 special zones in the coming year or so. The government of Pakistan is also offering a 10-year waiver on corporate tax and on the import of raw materials and equipment. This initiative is taken to encourage the IT industry to invest in projects that will help boost the economy of Pakistan. The chairman also said that with these initiatives the IT Industry of Pakistan is expected to grow by almost $6 billion in two years.
Chairman STZA engages with CxOs to make Pakistan a Technology Investment Hub – Learn more.
The Prime Minister of Pakistan, Imran Khan, issued the mandate to build the Special Technology Zones Authority (STZA) in an effort to provide support to the technological sector of Pakistan. Moreover, STZA’s also provides incentives that help to attract capital from different investors, builders, and other international as well as local companies.
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