The Special Technology Zones Authority (STZA) and Tech7 (Private) Limited have signed a Zone Development Agreement valued at Rs. 15 billion.
STZA, a public sector regulatory organization, is committed to promoting and enabling the development of Special Technology Zones (STZs) across Pakistan. Its mandate is to create a conducive environment for technology, innovation, and entrepreneurship by offering fiscal and forex incentives to public, private, and public-private entities both domestic and international. By streamlining regulatory frameworks and facilitating ease of doing business, STZA champions a forward-thinking approach to foster a thriving digital economy in the country.
Tech7 Special Technology Zone (STZ), strategically located in Islamabad’s B-17 sector, spans 1.1 million square feet of cutting-edge carbon neutral technology infrastructure designed to meet the evolving demands of the technology sector.
With an initial private investment of Rs. 15 billion, it is projected to attract an additional investment of Rs. 12 billion from local and international tech companies in the coming years and projected export contribution of $50 – $100 million annually.
Positioned as a regional innovation hub, Tech7 features LEED Gold Certified Design and shall offer state-of-the-art office spaces, coworking and co-living facilities, research labs, and high-speed internet connectivity. Drawing inspiration from global success stories Tech7 aims to solidify Pakistan’s position as a regional tech powerhouse, driving technological advancement and innovation across industries.
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