Malaysian firms invited to join $50m Pakistan IT Park Project

PAKISTAN, impressed with the Multimedia Super Corridor (MSC), has invited Malaysian companies to take part in the development of a US$50 million (US$1 = RM3.80) intelligent city project in Islamabad.

Pakistan’s Board of Investment (BOI) investment counsellor Datuk Salim Fateh Din said Islamabad is developing a 6ha site into an intelligent city like Cyberjaya, but on a smaller scale.

‘They will provide us the land and Malaysian companies can provide their expertise in infrastructure development through design, build and operate.

‘The gross development value of the IT (information technology) park is about US$50 million,’ Salim told a news conference in Kuala Lumpur yesterday.

BOI Pakistan in Malaysia was set up in Kuala Lumpur last year to promote investment opportunities in all sectors of Pakistan’s economy and to provide investment facilitation services to investors.

Salim, who had just returned from meetings in Pakistan with some ministers to discuss opportunities available for Malaysian investors, said Pakistan believes that Malaysian IT firms are the most suitable investors for the IT park project…