Chief Minister Punjab launches “Nawaz Sharif IT” city in Lahore

LAHORE: The Chief Minister (CM) of Punjab Maryam Nawaz inaugurated the commercial launch of Lahore’s first “Nawaz Sharif IT” city on Saturday.

During the foundation stone ceremony, Maryam Nawaz stated that this was a ‘historical’ moment for the “Nawaz Sharif IT” city. She attributed it to her father and former Prime Minister (PM) Nawaz Sharif’s “vision” for a modern Pakistan.

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Maryam Nawaz also revealed the IT city’s logo. She stated her ambitions to witness an “IT revolution” in the country.

The Punjab CM hope the city would appeal to international tech giants. Maryam further announced plans for ten companies to establish offices within the 853-acre space, with a decade-long tax exemption.

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Maryam also outlined plans for an IT and Tech district, “Knowledge City”, and “Film City”, with provisions for international universities and youth-focused incubators within the IT city.

More details about the new project can be found on the official website.

An “IT city” commonly denotes a city or region within a country specifically geared towards information technology (IT) and associated sectors. These areas typically host a cluster of IT firms, tech startups, research centers, and educational institutions specialising in IT and related disciplines.

The overall aim of an IT city is to cultivate innovation, entrepreneurship, and economic development by offering a proper, customised infrastructure, resources, and a conducive atmosphere for IT-related enterprises and professionals.

The most famous examples of IT cities include the Silicon Valley in United States, Bengaluru in India, and Cyberjaya in Malaysia.