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Saturday June 22, 2024

PTCL, Mashreq sign deal

By Our Correspondent
May 22, 2024
Pakistani police deployed in front of the building of Pakistan Telecommunication Company Limited (PTCL), the largest landline telephone network in Islamabad. — AFP/File
Pakistani police deployed in front of the building of Pakistan Telecommunication Company Limited (PTCL), the largest landline telephone network in Islamabad. — AFP/File

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan have signed an agreement for the provisioning of primary data centre colocation services at PTCL’s Tier-III Data Centre facility, a statement said on Tuesday.

PTCL provides Mashreq Pakistan with state-of-the-art infrastructure and platform solutions with the latest technology and managed security. Mashreq is actively progressing towards acquiring a restricted license from the State Bank of Pakistan to initiate pilot digital retail banking operations in Pakistan.

“This partnership signifies a transformative step forward in the bank’s approach to infrastructure, platforms and data management. By leveraging PTCL's data centre and telecommunications expertise, Mashreq aims to achieve an enhanced and reliable operating leverage, and reduced time-to-market of products and services,” said Mohamed Abdel Razek, group head of technology, transformation and information, Mashreq.

“PTCL, being a national company, is leading the digitalisation effort across the country. Through such partnerships, PTCL continues to play its key role in the development of telecom infrastructure by providing innovative and secure solutions to the corporate sector that will further contribute towards the overall economic growth of the country,” said Zarrar Hasham Khan, group chief business solutions officer of PTCL & Ufone 4G.