ISLAMABAD: A meeting was held at the CDA Headquarters, chaired by CDA Chairman Muhammad Ali Randhawa, to review plans for setting up a Special Technology Zone (STZ) in Islamabad.
During the briefing, officials shared that 28 Special Technology Zones have already been notified across the country. For Islamabad’s zone, 141 acres of land have been allocated. The meeting was also attended by Special Technology Zones Authority (STZA) Executive Director Aamir Saleemi.
Officials informed that both local and international technology companies and entrepreneurs will set up their offices and production units in the proposed zone.
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The master plan for the site includes a technology zone, high-tech production area, and commercial and residential sectors. High-tech companies will be offered tax and duty concessions along with other facilities to attract investment.
It was decided to form a joint working group between CDA and STZA to move the project forward.
Speaking on the occasion, Randhawa said the project will help promote technology, create a tech hub in Islamabad, and generate employment opportunities in the sector.
