ISLAMABAD: Telecom Foundation (TF) plans to construct Software Technology Park (STP) at H-8 sector, Islamabad to promote Information Technology (IT).

The Software Technology Park would be constructed in collaboration with some potential partners.

The new Managing Director (MD), Telecom Foundation, Major General (Retd) Muhammad Khalid Rao informed the meeting.

The 70th meeting of Board of Governors of Telecom Foundation was held here under the chairmanship of Secretary IT, Azmat Ali Ranjha and discussed progress of ongoing and upcoming business ventures and projects.

Secretary IT and the Board expressed satisfaction over the improvement of financial position of Telecom Foundation during last two to three months.

The Board also expressed hope that present pace of momentum would continue to expand business sphere and further improvement of profitability of the organization.

The Board desired to broaden welfare activities which are the core objectives of the Foundation.

Source: APP