Congrats on the cooperation , what is the goal for the science park ?
higher research zone or are we talking another museum like thing?
If its a Economic zone specializing in Scientific research and development that this would be a tremendous cooperation between two nations
A
university research park,
science park, or
science and technology park is an area managed in a manner designed to promote innovation. It is a physical place that supports university-industry and government collaboration with the intent of creating high technology economic development and advancing knowledge
it's gonna be 2nd Science park or IT Park In Islamabad
First News came from South Korea
Korean Exim Bank Starts Feasibility Study for Islamabad IT Park
The South Korean Exim Bank has started the feasibility study on Islamabad’s first IT Park, said Anusha Rahman, Minister of State for IT. She said that it will be a state-of-the-art IT Park and that the contract signing and ground breaking ceremony for the project will held early next year. The land owned by PSEB has already been allocated for the IT Park, she added.
The partnership between the investor, Exim bank, and the Pakistan government has been
ongoing for a year now but there still hasn’t been any real progress on the project. The government announced in May this year that the bank had been allowed to start feasibility study on the project and that the final report was expected sometime in August. The study was stated to begun in January initially but got delayed due to unstated reasons.
Exim Bank is investing $50 million for the IT Park in the capital, which will spread over 45 acres and promote the IT industry
Exim Bank is investing $50 million for the IT Park in the capital. The IT Park will spread over an area of 45 acres and is expected to promote the IT industry, local software experts and attract international companies to the local market. The project is said to help Pakistan increase its IT exports by an estimated $120 million.
Anusha Rahman was addressing a workshop aiming to facilitate IT start-ups and entrepreneurs when she made the statement. She said that Tech City and other similar tech incubation projects will provide a proper environment for start-ups and new entrepreneurs entering the market. She added that the government is fully committed to make the local IT and Telecommunications sector amongst the fastest growing in the region.
She quoted the State Bank of Pakistan, saying that IT remittances have increased by 41 percent over the previous year and that IT exports are now valued at 10 percent of Pakistan’s total services exports. Anusha Rahman said that the IT ministry and PSEB are working to increase IT exports to $5 billion by 2017, up from $2 billion at present.
IT remittances have increased by 41 percent over the previous year and that IT exports are now valued at 10 percent of Pakistan’s total services exports
The minister emphasized that IT companies and enterprises should report their financial settlements though the proper banking channels so that the PSEB can accurately calculate the overall IT exports of Pakistan.
MD PSEB Asim Shehryar Hussain, who was also present at the workshop, focused on informing the attendants about PSEB’s contributions in the industry so far and what they have planned for the future. The second day of the workshop will feature start-ups presenting their business plans and executives from large IT companies will speak about their success in the industry.
Science needs brain, not money.
but There should be Some Institutes to polish the Brains and make thoughts of Students Practical and that needs money...
China to Invest $1.5 Billion To Setup Science Park in Islamabad
It appears that several businessmen and individuals believe that Pakistan is a region worth investing, with China perhaps being the closest ally of the country in this regard. Now, coming to the latest update at hand, the Minister for Science and Technology, Rana Tanvir Hussain has signed a memorandum of understanding, along with another Chinese minister by the name of Un Urmaqi.
According to the details, the Chinese minister has invited several friends of his to visit Islamabad during the month of December in order to decide the location for the construction of a grand park. The park, which is being called the Pak-China Science Park, is expected to commence construction by March 2016, although there were no details provided on when the massive scale project will be expected to finish.
A total amount of $1.5 billion US dollars are going to be invested in making the park, which only shows how large the park is going to be once it is completely finished. Tanveer Hussain expressed his heartfelt gratitude to the Chinese government and said:
We are looking to strengthen our mutual ties on economic as well as technological fronts.
He added the project is just another step to add another layer to the friendship foundation that Pakistan and China have maintained for several years. The added advantage will be that more jobs will be created in the process, at least in the geographical region of Islamabad. While the project would commence construction in March 2016, let us keep on hoping that the project is not met with further delays and hiatuses, since it could require the Chinese investors to start adding more money as a result of the delay.
