logo
Nawaz Sharif IT City project: CM reviews progress

Nawaz Sharif IT City project: CM reviews progress

LAHORE: World's leading international IT companies have shown interest in investing in Nawaz Sharif IT City project.
This was stated in a special meeting chaired by Punjab Chief Minister Maryam Nawaz Sharif here today, to review the progress on the Nawaz Sharif IT City project.
The Chief Minister emphasized the need for faster, more effective, and essential steps to ensure the timely establishment and operationalization of the Nawaz Sharif IT City.
During the meeting Central Business District CEO Imran Amin said that, 23 major IT companies are ready to set up operations within the Silicon Block of the IT City.
The Nawaz Sharif IT City became the first institution in Punjab being approved by the Special Technology Zones Authority (STZA) which gave a formal approval for the establishment of NSIT Silicon Block.
It was further apprised in the meeting, world's renowned international IT groups have expressed their keen interest in the Nawaz Sharif IT City project. As many as 23 well known IT companies are willing to establish their institutions in the Nawaz Sharif IT City Silicon Block. Plots have also been acquired for the establishment of institutions or offices in this regard. It was further informed that world's renowned Imperial College of London will establish a medical college and hospital in collaboration with Novecare.
NetCol will establish Pakistan's first comprehensive IT university in the Nawaz Sharif IT City. Roots Group will enter into a joint venture with the British University of Warwick.
Similarly, renowned companies namely DataFort and Mari-Tech will also jointly build Tier 3 and Tier 4 data centres. Data Rocks has expressed their interest in establishing Punjab's first FTA-approved lab. CEO CBD Imran Amin gave a detailed briefing on the progress being made on the projects.
Chief Minister Maryam Nawaz Sharif stressed the need for taking more effective, swift and necessary steps for the establishment of Nawaz Sharif IT City project.
Copyright Business Recorder, 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nawaz Sharif IT City project: CM reviews progress
Nawaz Sharif IT City project: CM reviews progress

Business Recorder

time4 hours ago

  • Business Recorder

Nawaz Sharif IT City project: CM reviews progress

LAHORE: World's leading international IT companies have shown interest in investing in Nawaz Sharif IT City project. This was stated in a special meeting chaired by Punjab Chief Minister Maryam Nawaz Sharif here today, to review the progress on the Nawaz Sharif IT City project. The Chief Minister emphasized the need for faster, more effective, and essential steps to ensure the timely establishment and operationalization of the Nawaz Sharif IT City. During the meeting Central Business District CEO Imran Amin said that, 23 major IT companies are ready to set up operations within the Silicon Block of the IT City. The Nawaz Sharif IT City became the first institution in Punjab being approved by the Special Technology Zones Authority (STZA) which gave a formal approval for the establishment of NSIT Silicon Block. It was further apprised in the meeting, world's renowned international IT groups have expressed their keen interest in the Nawaz Sharif IT City project. As many as 23 well known IT companies are willing to establish their institutions in the Nawaz Sharif IT City Silicon Block. Plots have also been acquired for the establishment of institutions or offices in this regard. It was further informed that world's renowned Imperial College of London will establish a medical college and hospital in collaboration with Novecare. NetCol will establish Pakistan's first comprehensive IT university in the Nawaz Sharif IT City. Roots Group will enter into a joint venture with the British University of Warwick. Similarly, renowned companies namely DataFort and Mari-Tech will also jointly build Tier 3 and Tier 4 data centres. Data Rocks has expressed their interest in establishing Punjab's first FTA-approved lab. CEO CBD Imran Amin gave a detailed briefing on the progress being made on the projects. Chief Minister Maryam Nawaz Sharif stressed the need for taking more effective, swift and necessary steps for the establishment of Nawaz Sharif IT City project. Copyright Business Recorder, 2025

PARTLY FACETIOUS: The trend in this country is not to invest in Pakistan but outside
PARTLY FACETIOUS: The trend in this country is not to invest in Pakistan but outside

Business Recorder

time7 hours ago

  • Business Recorder

PARTLY FACETIOUS: The trend in this country is not to invest in Pakistan but outside

'Trump dished the French President.' 'Dished? Like what? As in barbecue, curry?' 'Or pizza – Nawaz Sharif does like pizza doesn't he?' 'I am not sure it's the pizza that he likes, I reckon he likes the location - Harrods in London.' 'Location should be more important to Trump – he is a real estate tycoon though recently he has been involved in all sorts of business – cryptocurrency has reaped billions for his family, billions mind you not millions like…like…' 'Foreign direct investment inflows?' 'Shut up.' 'Hear me out – the billions Trump family has raked in due to his easing oversight of the cryptocurrency industry yet there are serious ethical and legal questions…' 'I would advise you to shut up and don't try to put up because there is nothing that you can put up.' 'Well my argument…' 'Shut the hell up. Moving forward the Trump family is also selling some items like gold mobile phones which incidentally are a steal at less than 500 dollars…' 'Why can't our prime and chief ministers engage in business ventures, you know invest their own money in the private sector, provide jobs to people and…and wait…generate growth…' 'Two things first of all take away chief ministers from this plan because other than the Punjab chief minister who belongs to the ruling family the others are second to third tier leaders.' 'OK but…' 'Wait and second the trend in this country is not to invest in Pakistan but outside – and that too mostly in real estate.' 'But…' 'And look at the glass as fully full, because the FDI that is coming into the country is not facing any ethical and legal issues…' 'That is because thankfully all are on the same page and that's the way the cookie must crumble. Poor Trump is facing pressure from everyone – the Israelis, the Arabs who have pledged billions of dollars of investment in the US, his own MAGA base and last but not least his own cabinet…' 'I propose Trump changes the constitution to get a third term, and we have lawyers with the experience and…' 'Oh shut up.' Copyright Business Recorder, 2025

Punjab CM hails ‘tax-free' budget
Punjab CM hails ‘tax-free' budget

Business Recorder

timea day ago

  • Business Recorder

Punjab CM hails ‘tax-free' budget

LAHORE: 'Neither new taxes imposed nor their rates increased, 'said Chief Minister Punjab Maryam Nawaz Sharif while expressing gratitude to Allah Almighty for presenting a tax-free budget with the biggest development program in the history of the province. The CM added, 'We will eliminate a gap between development and facilities in cities and villages. Fruits of development will now reach every village. 1800 villages in Punjab will be made model villages.' The Chief Minister said, 'Besides Lahore Development Program, Punjab Development Project is also being brought in. Development will no longer see a difference between rich and poor. It will be rather equal for all.' She underscored, 'We have come with a spirit of serving the common man, and may Allah Almighty grant us success. We are sincerely trying to fulfil the mission of welfare of the people of Punjab. We will fulfil promises made to the farmers. More than 129 billion are being allocated for the purpose.' She noted, 'Not thousands but millions of farmers will benefit from the Green Tractor Scheme. Rs 15.5 billion are being given for more tractors. The construction and expansion of more than 12,000 kilometres of roads will be a record.' She added, 'Nawaz Sharif Cancer Hospital and Sargodha's Nawaz Sharif Institute of Cardiology will be completed this year. Nawaz Sharif Medical District will be the first center in Pakistan where all deadly diseases will be treated, and research will also be conducted.' The Chief Minister Maryam Nawaz Sharif said, 'Students will be given meritorious scholarships and laptops. Children will not sit on floor in any school in Punjab. Rs 40 billion are being given to provide them all missing facilities. Layyah and Bhakkar along with other remote districts will be given access to the motorway, besides extending better communication links to Muzaffargarh and Mianwali.' She vowed, 'We will not let the children of labourers sleep hungry, and will give Rs 40 billion for their ration cards.' Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store