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TPL Properties announces developing Technology Park in Sindh

KARACHI: TPL Properties on Monday announced to develop first ever Technology Park in Sindh with high end technology facilities.

In an information shared with Pakistan Stock Exchange (PSX), the company said that in continuation to the disclosure made by TPL Properties Limited dated November 11, 2020, whereby the company had announced entering into an Agreement to Sell.

“We are pleased to announce that the Company, through its wholly owned Subsidiary, G-18 (Private) Limited, has now acquired Plot No. 25-B, measuring 10,002 Square Yards, situated at Sector 30, Korangi Industrial Area, Karachi upon execution of the Sale Deed dated February 19, 2021.

“The Company aims to develop state-of-art, first ever Technology Park in the Province of Sindh with high end technology facilities. Such infrastructure shall provide a platform to the IT Sector across Pakistan.

“The timeline for the completion of the Project is anticipated to be two years which includes planning and designing phase.”