Prime Minister Shehbaz Sharif has said construction work on the country's first state of the art Islamabad IT Park has been accelerated to ensure its completion this year. 

Speaking on the occasion of his visit to the under construction IT park in Islamabad today, he said work on this project is continuing round the clock. 

He said the IT Park will be completed at a cost of twenty five billion rupees with seventy million dollars provided by South Korea as a soft loan.

The Prime Minister recalled that the project was awarded to the Korean company in 2022.

Expressing satisfaction over the quality of construction work, the Prime Minister said this IT park will house one hundred and twenty offices of IT enabled companies and provide job opportunities to ten thousand youth.

He said this facility will also feature incubation center, fifteen startups, in addition to the commercial and recreational facilities.

Shehbaz Sharif the IT Park will have a close coordination and linkages with the academia.  He said an important segment of the park is the construction of IT labs which will promote research and development activities within our youth. He said this facility will also result in the establishment of two hundred and fifty e-rozgaar centers across the country. He said level three data center is also being constructed at the IT park.  

The Prime Minister said more IT parks will be established at the federal and provincial levels and millions of youth will benefit from them. He mentioned that eighty billion rupees have been earmarked in the budget for the IT sector.

On the occasion, the Prime Minister was given a detailed briefing on the progress of the construction work. It was informed the IT Park is being constructed on 14.9 acres of land.