Special Technology Zones Authority (STZA) to boost IT sector

ISLAMABAD: The government has set up the Special Technology Zones Authority (STZA) to promote the IT sector in the country.

According to STZA officials, the government believes the new initiative will not only boost the country’s economy but also create jobs for young people.

Provide details of the purpose for which the authority was established Dawn’s On Sunday, STZA officials said the authority would help develop the country’s scientific and technological ecosystem.

He said that the initiative launched by Prime Minister Imran Khan on Friday has a specific mandate to facilitate the development of Special Technology Zone (STZ) in the country. “These STZs will feature some of the leading global high-tech enterprises, with the establishment of major national tech companies, research institutes, new technology-based firms, start-ups, business support services, and community facilities. It will represent places that work in collaboration with the model for innovation and business development, ”said a senior authority official.

“These zones will help boost Pakistan’s high-tech exports and transfer technology from major global science and technology hubs,” he added.

The authority will facilitate the establishment of a knowledge-based ecosystem of national collaboration by bringing together government, industry, universities and research and development institutions for new industrial development.

“STZ will be an essential government agency to promote a dynamic system of national innovation in the country,” he said.

Amir Ahmed Hashmi, a prominent technology entrepreneur and a senior strategic management professional with extensive global experience in triple helix formation (model inventions) based on high-tech development and innovation, has been appointed Chairman of STZA.

He said the move would create new industrial research parks, high-tech development zones, innovative districts and special economic zones as similar initiatives would lead to faster industrialization in countries such as China, Japan and South Korea. And now they have the best global best practices for rapid growth and development for any country.

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