{
  "id": 13005924,
  "title": "Karachi IT Park hits snags again",
  "url": "https://urgent.news/2026/10/09/karachi-it-park-hits-snags-again",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T02:04:27.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2035824/karachi-it-park-hits-snags-again"
  },
  "original_language": "en",
  "account": "ISLAMABAD -- The Karachi Information Technology Park project has encountered another setback, following two unsuccessful rounds of tendering. In response, the Ministry of Information Technology and Telecommunications has opted for a new approach to award the contract. According to a ministry report, construction is now scheduled to commence in June 2027. The ministry intends to finalize the evaluation of bidding documents by October 25, 2026. An independent construction contracts consultant will scrutinize the revised request for proposal before proceeding with re-tendering. The government aims to seek approval for re-tendering from Korea Exim Bank by November 15, 2026, with the final tender expected on the same date. Interested Korean firms will be invited to participate in a competitive bidding process, with submission of bids due on January 4, 2027. Technical bids will be assessed by the project's technical committee, while financial bids will be evaluated separately. The Project Steering and Review Committee will review the final recommendations, and the government plans to secure approval for the contract by March 25, 2027.",
  "summary": "ISLAMABAD: The Karachi IT Park project has faced another delay after two rounds of tendering failed to attract any bids, prompting the Ministry of Information Technology and Telecommunications to adopt a new strategy for awarding the project. According to a report prepared by the ministry, work on the IT Park is now targeted to begin in June 2027. A third tender will be issued after an…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}