The Sindh Cabinet has recently approved a master plan for developing IT Media City on 200 acres of land in Karachi in PPP mode. According to a recent news item, the seed money has been provided by IT Department Sindh and soon Expressions of Ineterst will ve invited from propsective investors. For details, see the news item.
It is however not clear whether the seed money has been given as a one time grant – viability gap funding, or as equity contribution. The latter would turn it into more of a joint venture modality.