INTRODUCTION

Pakistan is faced with the twin challenges of reviving growth and reducing poverty.  This requires rapid economic growth, which is equitable in nature and broad based in its reach.  While reducing poverty helps growth, by enabling the poor to participate productively in the economy, growth in itself is not sufficient for poverty reduction.  The quality of growth, in terms of its relative impact on various segments of society, determines its impact on poverty.  For growth to reduce poverty, it must emanate from sectors that have greater employment generation capability.  Therefore, poverty reduction in Pakistan requires rapid growth in agriculture, small and medium industry, and the IT sector.  All of these have strong potential to create jobs and associated self-employment opportunities.

Karachi must also take into account the international dimension of growth and emphasize the need for opening up the economy to take full advantage of the opportunities unleashed by the evolving global trade regimes while, at the same time, modernizing the industrial & trading sectors to meet the challenges of the highly competitive international environment.

In this context it is of vital importance that broad-based international alliances are forged between the government and the international private sector in the quest for eliminating poverty and accelerating growth.

The IT potential of Karachi represents one of the outstanding growth sectors in the country.  As such it is a key to both economic and social development in Karachi and of course Pakistan.  We believe that it is critical that a concerted effort be made to support the development and internationalization of Karachi’s IT sector.

In order to realize the above objectives and take up the required activities Karachi City District Government (KCDG) has joined hands with other local  & international companies to come up with a concept to expand beyond the boundaries within which Karachi currently operates and build a significant amount of infrastructure capacity.  The key technological infrastructure required to help institutionalize & internationalize Karachi’s IT Industry would be the development of an international level Karachi Technology Island City (KTiC) with the help of international donor agencies and foreign investors, so as to enable the development and implementation of strategies and services to achieve the above objectives.

KTiC will be developed with one objective in mind – to be the best in providing the infrastructure, facilities and services related to the development of knowledge-based industries based on the immediate and pressing needs of Pakistan.

KTiC MISSION

  • Provide first class infrastructure and services;
  • Promote innovative growth in the development of technological-driven companies
    that are competitive in the global market;
  • Develop public/private collaboration in research, technology advancement training and educational opportunities;
  • Promote innovation and creativity through cultural and scientific interaction;
  • Strengthen economic competitiveness and work source development of the region; and Create a community that fosters a spirit of inquiry and exchange of ideas.

KTiC OBJECTIVES

  • To create an environment conducive to stimulating the development of knowledge-based companies;
  • To provide support in marketing, management and technical fields for tenant companies;
  • To encourage R & D and innovation in the private sector especially for tenants; and 
  • To initiate R & D commercialization in specific technology areas.