Pakistan to Get $50m Loan Next Week for Technology Park Islamabad




                                               By 17 Feb 2017
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Vice President of EXIM Bank Korea arriving in Pakistan next week to sign loan agreement of $50 million for the first software technology park in Islamabad.

Once the agreement is signed, construction of 45-acre land at Chak Shahzad, Islamabad will be started as said by Anusha Rahman, Minister of State for Information Technology and Telecom.

The minister unexpectedly highlighted negative points of NTC and said that the officials of Corporation were identified pulling each other’s legs in past three years. It would be better if employees adopt a positive approach, she added.



IT Minister further questioned NTC Survey which is reported at 97 percent satisfaction by consumers, However, according to Ministry survey, the consumer satisfaction is around 73 percent.

She said that due to collective approach, the first state of the art “National Incubation Center” has successfully been established which has started nurturing the start-up / young entrepreneurs while four more such Incubation centers in all provincial capitals are also in the offing. Moreover, three specialized Incubation centers for Internet of Things (IoT), Robotics and Fin-Tech are also being established.

She further stated that Ministry IT is going to establish Computer Labs in 107 Rural Girls Schools of Islamabad Capital Territory where young girls will be able to learn latest technical / computing skills from their early childhood and the USF has committed to complete this project by the end of summer this year.

Anusha Rahman said that Kohistan Lot would be announced by next week, where people of these areas will not only be provided with the Fiber Optic but also the availability of 3G services will be ensured by the end of 2018.

Managing Director NTC, Brig (Retd) Viqar Rashid Khan said Excellence awards are designed to recognize members of NTC family whose initiatives and efforts contributed towards the achievement of NTC’s business results and overall success.

MD NTC shared that NTC has made significant progress in providing the state of art Telecom /ICT services in Public Sector. Due to continuous efforts of the management and NTC employees, the corporation after three years now becomes a profitable entity and has achieved a financial turnaround and has become a beacon of light for other Public Sector Corporations.


MD NTC briefed the audience that NTC is the first operator to establish the Cloud-Based Tier-III National Data Center in the Public sector. During the last three years, NTC has carried out massive technical growth to extend latest Telecom /ICT services to its valued customers.

During the current fiscal year 2016-17, NTC is going to complete 100% of its ADP projects in time which will be a record in Public Sector, while its profit would grow by 278 percent.

NTC has extended its services from 54 districts/cities to 87 districts/cities. Overall Fixed Lines telephone growth observed was 6% despite decline in its general use with the growth of over 36% in Broadband. NTC is the first telecom operator in Pakistan which has recently introduced “NTC Go Smart App”, Machine to Machine (M2M) and Point 2 Point (P2P) technologies under Public Private Partnership.
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