In the forthcoming budget for 2021-22, the Finance Ministry has promised to reduce advance income tax on mobile phone users from 12.5 percent to 10 percent, according to Federal Minister for IT and Telecommunication Syed Amin Ul Haque.
Syed Amin ul Haque, Federal Minister for Information Technology and Telecommunications, lay the foundation stone for the Information Technology Park Chak Shahzad in Islamabad.
The park would be constructed in 28 months at a cost of Rs. 13.70
The park would be built with an estimated cost of Rs. 13.70 billion in 28 months. The groundbreaking ceremony of Islamabad IT Park was held here on Wednesday.
Ambassador of the Republic of Korea Suh Sangpyo was also present at the occasion.
Addressing the ceremony, the IT Minister said that it is very important news for the masses that the Ministry of IT and Telecommunication will establish a state-of-the-art IT Park at Chak Shahzad, Islamabad.
The IT Park Islamabad will consist of twelve storeys (10 storeys above and 2 storeys underground) self-contained buildings having covered areas of 66,893 square meters.
The IT Park would be developed with state-of-the-art infrastructure and allied facilities for ICT companies with the financial assistance of Exim Bank, Korea, he said. The total cost of the project is Rs. 13,727.07 million.
Haque said that this project for establishing IT Park in Islamabad is linked with the steps for fulfilling the Digital Pakistan Vision, which will mitigate the shortage of infrastructure for the IT sector.
He said that it would also facilitate technology transfer through industry-academia linkage, supporting technology commercialization, linking tertiary education and production, promoting research and development, and enhancing IT exports and industry competitiveness.