CDA reviews master plan for upcoming technology hub in ISB<\/a><\/p>\n\n\n\nDuring the meeting, it was decided that STZA will act as the regulatory body and issue licenses to hi-tech firms operating within the proposed zone. A joint working group will also be formed to examine financial and operational models, evaluate various proposals, and submit recommendations to the federal government.<\/p>\n\n\n\n
Officials were informed that the government plans to offer special incentives \u2014 including tax rebates and duty concessions \u2014 to attract technology investors.<\/p>\n\n\n\n
Chairman Randhawa emphasized that developing the Special Technology Zone is among CDA\u2019s top priorities, adding that the project\u2019s financial and operational framework is being designed based on sustainable, globally accepted practices to ensure long-term viability.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad: The Capital Development Authority (CDA) and Special Technology Zones Authority (STZA) have initiated work on establishing a Special Technology Zone (STZ) in Islamabad, aimed at transforming the capital into a modern Technopolis City. CDA Chairman Muhammad Ali Randhawa and STZA Chairman Azfar Manzoor jointly chaired a meeting at the CDA Headquarters to review proposals for the development of the STZ. The zone will host hi-tech companies and entrepreneurs, providing space for technology and production houses focused on innovation and advanced industries. Read: CDA reviews master plan for upcoming technology hub in ISB During the meeting, it was decided that STZA will act as the regulatory body and issue licenses to hi-tech firms operating within the proposed zone. A joint working group will also be formed to examine financial and operational models, evaluate various proposals, and submit recommendations to the federal government. Officials were informed that the government plans to offer special incentives \u2014 including tax rebates and duty concessions \u2014 to attract technology investors. Chairman Randhawa emphasized that developing the Special Technology Zone is among CDA\u2019s top priorities, adding that the project\u2019s financial and operational framework is being designed based on sustainable, globally accepted practices to ensure long-term viability.<\/p>\n","protected":false},"author":18,"featured_media":98184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[319,20718,39451,68753,14359,41,41933,68301,61918,63037,68752,10378],"persona":[],"class_list":{"0":"post-103650","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-cda","9":"tag-economic-development","10":"tag-federal-government","11":"tag-hi-tech-companies","12":"tag-innovation","13":"tag-islamabad","14":"tag-special-technology-zone","15":"tag-stza","16":"tag-tax-incentives","17":"tag-technology-investment","18":"tag-technopolis-city","19":"tag-urban-development","20":"cat-15016-id"},"acf":[],"yoast_head":"\n
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