Islamabad Technology Park is a planned government-backed technology campus on Kurri Road in Chak Shahzad, Islamabad. Its design includes offices for IT and IT-enabled services companies, startup incubation, business support, research links and a Tier III data center. The latest located parliamentary record set an inauguration target for the first week of August 2026; it does not confirm the park opened. The widely used Rs23.3 billion figure is not reconciled by the official cost records cited here, which report different estimates over time.
What is Islamabad Technology Park?
Also called IT Park Islamabad, the project is a Ministry of IT and Pakistan Software Export Board initiative described by the Special Technology Zones Authority (STZA) as a flagship technology-zone development supported by South Korean consultants. It is intended to serve IT companies, startups, entrepreneurs and IT-enabled services businesses, as well as software development, research and development, and incubation. These are stated purposes, not evidence that the services are already operating. STZA project page
The site is on Kurri Road in Chak Shahzad, Islamabad. The Ministry of Planning’s November 6, 2024 description gives a site/building area of 66,893 square metres, with two basement levels, a ground floor and nine upper floors. STZA publishes 719,775.60 square feet of covered area and 14.9 acres of land. These are official published specifications using different area labels; they should not be treated as directly interchangeable measurements. Ministry of Planning project release
What facilities and capacity are planned?
The Ministry of Planning’s 2024 facility description lists 120 office spaces for IT and IT-enabled services companies and 15 offices in a startup incubation centre. The planned shared facilities include:
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- A business support centre offering legal, marketing and financial services.
- An industry-academia linkage centre.
- A Tier III data center with uninterrupted power supply.
STZA separately lists planned capacity for 100 technology companies and 8,400 technology professionals. Those figures describe stated capacity, not confirmed tenants, employees or jobs. The Ministry’s office counts and STZA’s capacity figures use different categories, so they should not be combined into an occupancy estimate. STZA project page
What does the project cost, and how is it funded?
Official estimates vary by date and source. The Ministry of Planning reported a project value of US$88.384 million in November 2024. It listed US$76.310 million from Korea’s Economic Development Cooperation Fund through Korean EXIM Bank and US$12.476 million from Pakistan’s Public Sector Development Programme (PSDP). The published components do not add exactly to the stated total, so the figures are best quoted as reported rather than recalculated. Ministry of Planning, November 6, 2024
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A National Assembly Standing Committee on IT and Telecommunication briefing on September 18, 2025 described the project as costing about US$88 million, comprising a US$76.3 million Korean soft loan and a US$12.5 million PSDP contribution. The committee reported a 30-year repayment period and 0.05% markup on the loan. National Assembly committee briefing, September 18, 2025
The Press Information Department’s May 26, 2021 foundation-stone announcement gave an early project cost of Rs13,727.070 million. This differs from the Rs23.3 billion figure in the headline commonly associated with the project; the official records cited here do not explain or reconcile that later rupee estimate with a current approved cost. The dollar figures above are the dated official project estimates, not rupee conversions. Press Information Department, May 26, 2021
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Has Islamabad Technology Park opened?
The latest located official evidence establishes a target, not a confirmed opening. On June 2, 2026, the National Assembly committee directed the Ministry to ensure inauguration in the first week of August. The committee described timely operationalization as important, but that direction does not confirm the inauguration later took place. National Assembly committee, June 2, 2026
Earlier committee updates show how the schedule shifted:
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- 2017: A committee briefing said the financing agreement was signed.
- 2022: The same briefing said practical work commenced.
- October 22, 2025: The committee reported 80% completion, against an October 31 scheduled date. It attributed delays to changes in the Korean contractor and consultant and cited a revised expected deadline of December 31, 2025, following a Prime Minister’s direction to complete the project within the year. National Assembly committee, October 22, 2025
- June 2, 2026: The committee set the first week of August as the intended inauguration period. National Assembly committee, June 2, 2026
STZA’s project page displayed an “Under Construction” label when accessed on October 3, 2026, but the page label may not reflect a later status update and does not settle whether the August target was met. A Ministry of IT jobs page listed project staff roles in April 2026; recruitment activity alone does not demonstrate that companies or startups have moved in or that the facility is fully operational. STZA project page Ministry of IT jobs page
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Government descriptions present the park as infrastructure intended to support IT exports, entrepreneurship, technology transfer, research and employment. The available records do not establish actual tenant occupancy, operating startup services, realized export growth or completed job creation. The Press Information Department’s 2021 release projected more than 5,000 direct and indirect construction-phase jobs and about 15,000 employment opportunities after completion; these were projections, not reported outcomes. Press Information Department, May 26, 2021
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