Previously, the American IT company, Afiniti had expressed keen interest in large-scale investment to be made in Khyber Pakhtunkhwa including the intention of setting up a Technology City in the province. To hold up the promise made by the company, a signing ceremony was hosted for the agreement between the Khyber Pakhtunkhwa Information Technology Board and the Artificial Intelligence focused IT Company Afiniti, led by the American Pakistani billionaire, Zia Chishti.
The agreement was signed by Dr. Ali Mahmood, Managing Director, IT Board, and an official of Affiniti in the presence of Ziaullah Bangash, Advisor on Science and Information Technology.
The news was announced by Ziaullah Bangash on Twitter stating, “International IT Company @afiniti starts investing in KP. Great achievement of PTI led the KP govt to expand the business of an international IT company like Afiniti to KP under the direction of @IMMahmoodKhan and the efforts of Taimur @Jhagra.” He further said that the PTI-led KPK government is taking concrete steps to develop the IT sector and provide employment opportunities to the youth.
Moreover, according to the agreement, Afiniti will establish a sub-office in Peshawar with the assistance of the Khyber Pakhtunkhwa Information Technology Board, which will enable the firm to inaugurate regular investments in Khyber Pakhtunkhwa but further present employment opportunities to the local residents.
The offer was presented in a meeting between the Afiniti CEO – Zia Chishti, with the KPK Chief Minister, Mahmood Khan. The KP Finance minister, Taimur Saleem Jhagra, and the KP local government minister Akbar Ayub Khan were also present in the meeting. According to details, the intended tech city will have an introductory capacity to support 10,000-15,000 IT-associated individuals while further creating more than 50,000 employment opportunities for the youth.
It has also been decided that a joint team of the KP government and Afiniti Company would be formed to identify a suitable site for the establishment of the agreed Tech City. The chief minister has confirmed that the KP government would completely support the company to set up Tech City.
Image Source: Grad Australia