The board at the Amazon Outlet Mall contracted an MOU with the Pakistan Software Export Board (PSEB) on Wednesday, May 20 2021 to inauguration a ‘Software Technology Park’ inside the premises of the Amazon Outlet Mall, located on Grand Trunk Road, near DHA II. The Amazon Business Centre Islamabad is now called the Software Technology Park by the PSEB under the Ministry of Information Technology.
Amazon Business Centre Islamabad Declared Software Technology Park
Imarat Group of Companies is one of Pakistan’s leading real estate groups. The group has to its credit more than 8 projects in the federal capital amounting to the building of over 10 million square feet. The Amazon Outlet Mall is one of its profound projects as it is Pakistan’s first factory outlet mall. Management at the Imarat group has always been strong advocates of the many advantages of technology in the real estate sector.
The management at the Imarat Group have delightedly approved renting out space, spanned on 3 floors to the Ministry of IT, to develop a one-of-a-kind software technology park. The aim is to bring in professionals from the industry to work towards advancing Pakistan’s tech industry. PSEB being an implementer of the IT industry shall market and spread all possible provisions in populating the software technology park as per the MOU.
PSEB which was incorporated under Companies Ordinance 1984 has its registered office in Islamabad. The MOU signing took place in the office on the 2nd floor of the Evacuee Trust Complex in Sector F-5, Islamabad. The signatories included Chairman Imarat Group of Companies Mr. Shafiq Akbar and Managing Director of the PSEB Mr. Osman Nasir. Group Directors Mr. Farhan Javed and Mr. Sharjeel A. Ehmer were also present.
Mr. Shafiq Akbar communicated his belief in technology is the future. He stressed how we must adapt technologies like blockchain and artificial intelligence in the real estate sector in Pakistan and how other sectors of the country can also advantage. He said, “With this partnership, we aim to bring the best of RE technologies like blockchain, digital mapping, artificial intelligence algorithms in Pakistan, this will not only transform the way realtors work but will also eliminate misconducts from the Industry.”
The parties are confident that this undertaking together will lift not just the real estate industry but also other sectors of Pakistan via technology and assistance in the country’s GDP.