Pakistan’s First Innovation Park to Be Built in Khyber Pakhtunkhwa

  • 4 months ago
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Khyber Pakhtunkhwa Province of Pakistan has been within the highlights for quite a while now. The province is on the track to become digitally inclusive that various initiatives have already been taken. Building Pakistan’s first innovation Park in Khyber Pakhtunkhwa is another step within the same direction where offices are going to be found out for the players from IT, innovation and technology. Establishing the innovation park in Khyber Pakhtunkhwa is a component of KP 4.0 digital policy

PARK KP’S FIRST-EVER INNOVATION

An innovation park isn’t exactly a park rather it’s a facility or a building, often affiliated with a tutorial institution that focuses on technological research and development (R&D). the thought behind establishing an innovation park is to draw in an enormous number of tech firms and locate them together, particularly in order that they will exchange knowledge and skills and obtain into interdependent partnerships. This forms an ecosystem of innovation, technical advancement, digitization and partnerships through which the whole world can benefit.

The first-ever innovation park in Khyber Pakhtunkhwa (KP) will provide office spaces for interconnected businesses within the tech and IT industry to share knowledge and skills in order that the province, also because the entire country, can flourish through digital innovations. Since a cluster of closely related startups have already been collaborating and growing together in Khyber Pakhtunkhwa, it might be right to mention that KP Province is on its thanks to becoming the Silicon Valley of Pakistan.

In 2020, the provincial government had launched the “Digital KP” policy which was expected to make 30,000 jobs for youth within the upcoming digital economy. The innovation park which will be established in Peshawar may be a a part of this digital policy. KP 4.0 “Connecting The Dots” may be a ten-year-long vision to develop the science and technology sector in Peshawar which can function a platform for groundbreaking tech, innovation and research.

KHYBER PAKHTUNKHWA DIGITAL POLICY

The Digital Policy of Khyber Pakhtunkhwa may be a whole framework for regulations, operations and financial challenges linked directly with the expansion of the knowledge and technology sector of the province. Moreover, the Digital Policy also features a complete set of recommendations on the way to uplift the world and what the govt can neutralize this regard.

The Digital Policy may be a 10-year long implementation of a framework within the province by leveraging the IT sector for more jobs, empowerment and economic process . The Goal of the Khyber Pakhtunkhwa Information Technology Board (KPITB) is to steer the digital transformation of Pakistan and make KP the national technology hub.

Here are a number of the expected outcomes of KP Digital Policy:

• Improved connectivity through the supply of affordable internet

• Increase financial inclusion from 14% to 50% by enabling digital payments throughout the province

• Expand and enable e-commerce and online marketplaces

• Reduce cash transaction and encourage online and digital transactions

• The improved personal privacy of citizens and personal and government institutions operating in cyberspace

• Improve digital skills among people through vocational learning

• Effective public-private partnerships

• Increase the amount of girls within the technology sector to 50%

The KP government’s latest policies won’t only help contribute to the advancement of technology but also create jobs.

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