Korean help sought to mature IT Park

STAFF REPORT ISB: Minster of State for ITandT Anusha Rahman thas emphasised the need for further strengthening cooperation between Korea and Pakistan in the field of multiple sectors especially information technology.

She said this while talking to Ambassador of Korea Song Jong Hawan who has recently called on her in Islamabad.

The minister sought the Ambassadors support in fast tracking implementation of the first “IT Park” in the country which is being established in Islamabad with the financial assistance of Exim Bank, Korea.

The Ambassador assured that he will personally follow up with his government and the management of Exim Bank to ensure that the implementation timelines of the IT Park Project are fully met.

The minister mentioned Pakistans potential to expand broadband penetration which currently stands at around 3 percent.Korean investment in expansion of the broadband network could be immensely beneficial for Pakistani consumers and Korean investors.

With cheap labor market and special tax incentives being offered to investors by the government, Pakistan is an attractive market in the field of telecom and ICT in general.

The Minister also informed the Korean Ambassador regarding the auction of unsold spectrum of 20MHz which is expected to be held in June this year. Minister said that this is a very attractive opportunity of investment for Korean telecom companies.

The Ambassador highly appreciated the initiatives of the present government and assured full support of his government to make these endeavours successful.

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