19 Oct 2021, 10:49 AM (GMT)

Pakistan Corona Virus Cases Update

1,265,650 Total
28,300 Deaths
1,211,710 Recovered

About Lahore Knowledge Park Company – LKPC

The Lahore Knowledge Park Company (LKPC) has been established as a separate corporate entity by Government of Punjab to strategize, plan, undertake and oversee the development of knowledge & growth parks. The Lahore Knowledge Park is the company’s inaugural and flagship project. LKPC operates under independent Board of Directors, comprised of members from government, academia and the industry.
Incorporated in October, 2014 as a not-for-profit, large-scale public sector company, registered under Section 42 of the Companies Ordinance 1984, LKPC is owned by the Higher Education Department, Government of Punjab. The company owns 852 acres of prime land on Bedian Road, Lahore – the site of Lahore Knowledge Park.

Master Plan

The Lahore Knowledge Park - LKP

With a capital outlay of PKR 107 Billion (USD 1 Billion), Lahore Knowledge Park is a mega project of public private partnership (PPP). As a state-of-the-art development LKP embodies the vision of provincial Chief Minister to make Punjab and by extension Pakistan, South Asia’s premier destination for the global knowledge economy. The Lahore Knowledge Park is being developed as country’s first Technopolis which is aimed at creating ‘synergized world of Academia, Innovation and Enterprise’. At LKP, cluster interaction of academia, industry and government will be fostered to get engaged in cutting-edge research, innovation, knowledge creation and sharing in four key areas.
1. Life Sciences and Biotechnology
2. Manufacturing and Engineering Sciences
3. Information and Communication Technology
4. Creative, Media and Arts

Lahore as a Premier Location

A sprawling metropolis, Lahore is the provincial capital of the province of Punjab. Today, a major cultural, industrial and business center, the city is called ‘Heart of Pakistan’.

Lahore is the second largest financial hub of the country and is home to some 9000 industrial units. The business turf of Lahore has hugely expanded from manufacturing to service industry. The city is the largest software producing hub of Pakistan. A well-developed road network, a constantly improving transportation system, increasing purchasing power parity, manpower training opportunities are few factors signifying the ease of livability in Lahore.

Pakistan as Progressing Knowledge Economy

Pakistan in terms of population is the 6th largest country and is one of youngest with more than 70% of its population coming under the age group of 15 to 35 years. With an insistently increasing GDP growth of 5.7%, USD 45 Billion in Foreign Direct Investments (FDI) as a result to progressing China-Pakistan Economic Corridor (CPEC) project and pro-business governmental policies, Pakistan has stepped in the league of emerging leading economies of the world. Increased investors’ confidence has made Pakistan Stock Exchange listed among the top best performing global markets. The industrial growth index continues to escalate and is expected to exceed 7.7% in the current fiscal year.
With a literacy rate as high as 76% in the urban areas, a growing middle class and increasing household incomes, Pakistan is evolving as a choice location for R&D focused businesses and international academic institutions. Currently on the threshold of rapid and sustainable socioeconomic development, the country is looking to utilize its existing assets to move towards a knowledge based economy, by reorganizing the research and development (R&D) infrastructure and promoting a culture of innovation and entrepreneurship to enhance productivity.