The Information Technology (IT) Park, being established in Karachi at an estimated cost of Rs 31 billion, would house around 210 companies operating with their 8,400 employees.

“This facility is the part of government strategy to develop IT zones and software parks besides setting up purpose-built software technology parks in major cities of the country,” a senior official of the Ministry of Information Technology said.

The project includes a multi-storey office building. The park would be spread over an area of 106,449 square metres with eight floors above the ground and three basement floors. It will offer a platform to the industry and local universities to establish synergies.