The Public Private Partnership Authority (P3A) Board has approved funding support for the preparation of Islamabad Technopolis, paving the way for its development under a public-private partnership (PPP) model.
The decision was made during the authority’s 44th board meeting in Islamabad, chaired by Prime Minister’s Adviser on Privatisation Muhammad Ali.
The approved funding will be used for project preparation and the appointment of a transaction adviser, who will help design a financially and commercially viable PPP structure for the technology park.
Led by the Special Technology Zones Authority (STZA), Islamabad Technopolis is planned as an integrated technology hub focused on boosting technology exports, innovation, skilled employment and technology transfer.
The project will also encourage private-sector investment to support the development of the proposed technology park.
Separately, the P3A Board reviewed a proposal to commercially develop selected Pakistan Railways properties through the Railway Estate Development and Marketing Company (REDAMCO).
The first phase will involve a pilot project covering railway properties in Karachi, while additional locations may be included later depending on the pilot’s results.
The initiative aims to put valuable railway land to productive commercial use, attract private-sector participation, and generate sustainable long-term revenue for Pakistan Railways.