▫️ Eligible Korean companies invited to submit bids by January 4, 2027, for the $186.66 million technology project, with construction now targeted to begin in June 2027
▫️ 41 ارب کے منصوبے کیلئے کوریائی کمپنیوں سے 4 جنوری تک بولیاں طلب کی جائیں گی، تعمیراتی کام جون میں شروع کرنے کا نیا ہدف مقرر
Islamabad | ReNews PakistanThe federal government has decided to issue a third tender for the construction of Karachi Information Technology...
Islamabad | ReNews Pakistan
The federal government has decided to issue a third tender for the construction of Karachi Information Technology Park on November 15, 2026, after two previous attempts to attract qualified contractors failed to receive any bids, causing further delays to one of Pakistan's major technology infrastructure development projects.
Under the revised procurement schedule, eligible Korean construction companies will be invited to submit their bids by January 4, 2027, while the government has set June 2027 as the new target for commencing construction activities.
According to sources, the Ministry of Information Technology and Telecommunication has revised its procurement strategy to address the difficulties encountered during the previous two unsuccessful bidding rounds.
The ministry has decided to undertake an independent review of the project's bidding documents before launching the third tender, with the objective of improving the procurement process and encouraging participation from qualified Korean contractors.
The first two tendering attempts failed after no eligible companies submitted bids, preventing the authorities from awarding the construction contract and proceeding with the planned development work.
Under the revised arrangements, an independent Construction Contracts Consultant will examine the Request for Proposal (RFP), contractual requirements and other relevant bidding documents before the fresh tender is issued.The review of the draft RFP is scheduled to be completed by October 25, 2026.
The Project Review and Steering Committee has directed that the independent assessment be completed before the next bidding round to identify and address potential procedural, technical or contractual issues affecting contractor participation.
According to the revised schedule, approval for the re-tendering process will be sought from the Project Review Committee and the Export-Import Bank of Korea by November 15, 2026.
Following the required approvals, the third tender will be advertised through an open competitive bidding process involving all eligible Korean companies.
Technical bids submitted by interested contractors will be examined by the project's Technical Evaluation Committee, while financial proposals will undergo a separate evaluation process.
After the completion of technical and financial assessments, the Project Steering and Review Committee will consider the recommendations before the final approval process is undertaken with Korea Exim Bank.
The government has set March 25, 2027, as the target date for signing the construction contract with the successful bidder.
Following the signing of the agreement, the selected contractor will be required to fulfil contractual obligations, including the submission of a bank guarantee, before receiving the necessary advance payment and mobilising resources for construction.
Under the proposed timetable, contractor mobilisation and the commencement of construction activities are expected by June 2027, subject to successful bidding and timely completion of the remaining formalities.
Karachi IT Park is one of the federal government's major technology infrastructure initiatives, aimed at promoting Pakistan's information technology industry, encouraging investment, supporting technology entrepreneurship and strengthening the country's capacity to expand IT exports.
The project was approved by the Executive Committee of the National Economic Council (ECNEC) on June 4, 2021, while its foundation stone was laid in Karachi on November 7, 2022.
At the time of approval, the project carried an estimated cost of $186.658 million, equivalent to approximately Rs 41.39 billion at the exchange rates used in the original project estimates.
The financing arrangement includes a $158.416 million loan from the Export-Import Bank of Korea, while the remaining $28.242 million was allocated as Pakistan's contribution through the Public Sector Development Programme (PSDP).
The technology park is planned on approximately six acres of land near Jinnah International Airport in Karachi, providing modern facilities and integrated infrastructure for information technology companies, technology startups and related businesses.
According to the project's detailed design documents, the development includes a purpose built building comprising eight above ground floors and three basement levels, equipped with modern office facilities, data centres, parking arrangements, backup power systems and advanced information and communication technology infrastructure.
The project is designed to accommodate software development companies, IT-enabled service providers, research organisations, technology startups and other enterprises operating in the digital economy.
Facilities planned for the park include business offices, data infrastructure, shared technological services and spaces intended to support collaboration among industry, academic institutions and emerging technology businesses.
The development is expected to contribute to Pakistan's efforts to establish a stronger technology ecosystem, improve opportunities for entrepreneurship and attract greater domestic and foreign investment into the information technology sector.
At the project's launching ceremony, government officials estimated that the facility could generate more than 20,000 direct and indirect employment opportunities for IT professionals and workers associated with supporting activities.
However, the actual scale of employment generation will depend on the project's completion, occupancy levels and the number of companies establishing operations at the facility.
Karachi IT Park was initially scheduled for completion in June 2026, but its development has experienced repeated delays because of administrative, technical and procurement related challenges.
Earlier complications included objections concerning the proposed building design near Karachi Airport, issues involving land allocation and regulatory approvals, and subsequent difficulties in securing a construction contractor.
The procurement challenges became more pronounced when two consecutive bidding rounds failed to attract any eligible contractors, preventing the commencement of the main construction work.
The latest decision to undertake an independent review of bidding documents and introduce a revised procurement schedule represents another attempt by the government to move the delayed project towards implementation.
The successful completion of the third bidding round will be particularly important because further procurement setbacks could affect the revised target for commencing construction in June 2027.
Karachi IT Park is considered a significant component of Pakistan's broader digital infrastructure development strategy, alongside other technology parks and initiatives intended to support the expansion of the country's IT and IT-enabled services industries.
The project is expected to facilitate technology companies by providing integrated business infrastructure and access to facilities that could strengthen innovation, research collaboration and commercial development.
Its completion could also support Pakistan's ambitions to expand IT exports, attract international technology companies and improve the competitiveness of domestic enterprises in regional and global markets.
However, progress on the project will now depend largely on the outcome of the third tender, the participation of eligible Korean contractors, the timely completion of technical and financial evaluations and final approval of the construction contract by Korea Exim Bank.