MoU signed to establish Nawaz Sharif IT City

By Our Correspondent
April 21, 2024
CBD Punjab CEO exchanges documents during the MoU signing event on April 20, 2024. — X/CBDPunjab

LAHORE : Central Business District Punjab (CBD Punjab) and the Pakistan Software Export Board (PSEB) have solidified a momentous Memorandum of Understanding (MoU) to foster the inception of Pakistan's premier IT hub, Nawaz Sharif IT City here on Saturday.


The signing of this MoU marked a significant stride towards the establishment of Nawaz Sharif IT City, slated to be the country's foremost and largest IT precinct.

By joining forces, CBD Punjab and PSEB pledge to fortify the global competitiveness of the provincial IT sector and propel sustainable growth within Punjab's burgeoning IT industry.

CBD Punjab and PSEB were committed to curating comprehensive databases encompassing entrepreneurs and freelancers across the province. This concerted effort aims to bolster support structures and opportunities for local talents, positioning Punjab as a thriving hub for innovation and entrepreneurship. While addressing the ceremony Imran Amin, CEO CBD Punjab, said "The signing of this MoU signifies a pivotal moment in Punjab's trajectory toward becoming a nucleus of technological innovation and economic prosperity. I extend my gratitude to Chief Minister Punjab, Maryam Nawaz Sharif, trusting the capabilities of the authority and entrusting CBD Punjab with the establishment of Nawaz Sharif IT City.

Through strategic collaborations with PSEB, our goal is to unlock the complete potential of Punjab's IT ecosystem, fostering inclusive growth and prosperity for all stakeholders."

This partnership between CBD Punjab and PSEB underscores their shared commitment to fostering a conducive environment for the growth and flourishing of the IT industry in Punjab. Together, they are poised to propel Nawaz Sharif IT City to unprecedented heights, ushering in a new era of technological advancement and economic vitality in the region.