The strategy of technology park for the development of IT industry in Pakistan

Pakistan has been experiencing Sow but steady economic growth in recent years and the software industry is booming thanks to abundant young population who works for programming, with good English skills. Recognizing tie development potential of software industry, Pakistan government has been promoting its development by providing various supports. However, it seems that the technological ecosystem is not fully developed, the university industry collaboration is weak and technological development is not advanced. In this context, tie Pakistani government is trying to introduce a new advanced Technology Park initiative to promote the industry as well as to provide the required work space. Nowadays. Technology Parks established by government are supporting the development of various industres. In the context, the research was done to evaluate whether the Technology Park initiative for IT industry would be also effective in Pakistan. In the research, the conceptual review was conducted for the Technology Park and SWOT analysis was done for the current Pakistan software developing. It is argued that the Technology Park can play an important role in developing Pakistan software industry when the right policy and management can be assured at the govemment level.