The Standing Committee on Information Technology and Telecommunication was informed on Wednesday that the Islamabad IT Park project was expected to be completed within its revised timeline of December 31, 2025.
The meeting was chaired by Syed Amin ul Haq. While reviewing the progress of the Islamabad IT Park, the Committee observed that the project was initially scheduled for completion by October 31, 2025; however, only 80 percent of the work has been completed so far.
A major milestone in Pakistan’s technological future is taking shape in Chak Shahzad, Islamabad, where the government is close to completing the country’s most advanced IT park. Backed by international support and developed under the Digital Pakistan vision, the project is being seen as a launchpad for innovation, job creation, and global tech partnerships.
An official from the Ministry of Information Technology and Telecommunication confirmed that the Islamabad IT Park is being built with a $76.3 million loan from South Korea, secured on highly concessional terms, along with an additional $12.5 million from the Public Sector Development Programme (PSDP). The financial partnership highlights growing foreign confidence in the country’s technology and startup sectors.
The under-construction complex will be a 12-story facility (including two basements), which is covering 66,893 square meters.
Read more: Bookings open for Islamabad IT Park ahead of August launch
In its first phase, the park is going to accommodate around 120 startups and small to medium-sized enterprises (SMEs). Alongside office space, the hub will include testing labs, classrooms, an auditorium, and an industry-academia linkage center to support research, skills development, and practical training.
Officials say the park is being developed according to international standards, with the goal of bridging the gap between universities and the tech industry. It is expected to encourage the commercialization of research, promote technology transfer, and enhance innovation across multiple sectors.
The Islamabad and Karachi IT parks—both are funded by South Korea—clearly depicting deepening international collaboration and confidence in Pakistan’s digital potential.
Despite hurdles such as supply constraints, unfavorable economic conditions, and heavy rains, construction has remained on budget and on track. Most work is anticipated to be finished by December 31, 2025.
Once operational, the Islamabad IT Park will:
• Support local startups and freelancers
• Attract foreign investment
• Boost IT exports
• Create high-skilled jobs
• Strengthen Pakistan’s reputation in the global tech market
The facility is being considered as more than just an office block—it’s assumed to be the most important and strategic move for building a knowledge-based economy. For many in the IT community, the project is actually indicating a shift from talent outsourcing to innovation-led growth at home.
With its completion on the horizon, the Islamabad IT Park stands poised to play a transformative role in the country’s digital economy.