Tech Desk 
Dec 15, 2024
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to establish a Software Technology Park (STP) in Karachi to enhance the export of IT and IT-enabled Services (ITeS).
FPCCI President Atif Ikram Sheikh emphasised that Karachi, as Pakistan’s economic hub, faces infrastructure challenges that hinder its IT export potential. A dedicated STP, offering state-of-the-art facilities, could attract investments and help grow the IT industry.
This proposal comes at a time when the IT sector is viewed as a key driver for Pakistan’s economic revival.
This demand aligns with the visit of Pakistan Software Export Board (PSEB) CEO Abu Bakar to FPCCI's head office. Sheikh highlighted that diversifying exports through IT can yield rapid results due to the industry's efficiency and potential for exponential growth.
With global IT markets increasingly opening up, Pakistan sees a chance to consolidate an even stronger position in this high-growth sector.
Senior Vice President FPCCI Saquib Fayyaz Magoon revealed plans for a technology start-up showcase in cooperation with the Sindh Higher Education Commission (SHEC).
The initiative connects promising IT starups with investors and promotes them both nationally and internationally. He stated that the budget proposals and policies of the IT sector must concentrate on long-term transformative reforms.
This may become important in further innovation and filling gaps in the country's tech ecosystem.
FPCCI Vice President Aman Paracha emphasised the need for government support to encourage traditional businesses to diversify into IT. P@SHA Former Chairman Zohaib Khan, suggested forming a joint working group between PSEB and FPCCI.
The group would focus on connecting businesses and the IT sector, exploring export opportunities, and advocating for visa facilitation for IT professionals.
Collaboration across sectors is seen as essential for building a sustainable and globally competitive IT industry in Pakistan.
PSEB’s CEO Abu Bakar acknowledged Karachi’s potential and confirmed efforts to establish a subsidised STP in the city. He called for private-sector investment to promote rapid growth and expansion in Pakistan’s IT industry.
