Islamabad: The Special Technology Zones Authority (STZA) has announced the creation of four new Special Technology Zones (STZs) across Pakistan, aimed at accelerating economic growth through technological innovation and attracting significant local and foreign investment.
According to Press Information Department, these zones—located in Islamabad, Lahore, and Rawalpindi—focus on Business Process Outsourcing, Information Technology, High-Tech Production, Research and Development, and Tech Skill Development. Collectively, these zones occupy 1.4 million square feet of high-quality tech infrastructure and 130 acres of land, with an initial investment of PKR 30 billion dedicated to infrastructure development by the zone developers.
The zones include the NUST Special Technology Zone and Tech7 Special Technology Zone in Islamabad, the Mindbridge Special Technology Zone in Lahore, and the Capital Smart Technology Zone in Rawalpindi. Each zone is designed to foster innovation, enhance technology exports, and position Pakistan as a key player in the global technology market.
These new zones are expected to house more than 50,000 professionals and generate over US$ 350 million in annual exports. They join the 12 existing zones that currently host over 15,000 technology professionals, offering state-of-the-art facilities and significant incentives such as 10-year exemptions on income tax and customs duties, along with forex benefits for licensed technology companies.
The initiative reflects STZA’s commitment to advancing Pakistan’s technological infrastructure and providing substantial opportunities for growth and development in the tech sector. For more information on the STZs, visit the STZA official website or contact their office directly.