ISLAMABAD: Prime Minister Imran Khan will inaugurate Pakistan’s first National Science and Technology Park (NSTP) in Islamabad on Monday (today).

The science and technology park is located in the vicinity of National University of Science and Technology (NUST) and being hailed as the country’s largest innovation and research ecosystem.

The high-tech IT Park houses more than 40 companies, including start-ups, Small Medium Enterprises (SMEs), and tech giants.

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According to the NUST statement, the park will serve as a launchpad for the country’s leading researchers, innovators, and entrepreneurs.

On Dec 3, Minister for Planning and Development Asad Umer had said that revenue generation and documentation of economy has been a major challenge for the country and initiatives had been taken to use the technology to achieve this target.

“The government is striving to ensure efficient delivery of services to the people by using the latest technology,” Asad Umar had said while addressing a conference titled Sustainable Development in a Digital Society organized by Sustainable Development Policy Institute in Islamabad.

He had pointed out that efforts had also been made to bridge the digital divide between the urban centers and the remote areas. In this regard, the Universal Service Fund had played an important role in development of telecommunication services in unserved and underserved areas of the country, he had added.

Asad Umar had said that promotion of digital economy was of extreme importance for Pakistan to move forward on the path of progress and development.