Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan, a subsidiary of the leading financial institution in the MENA region, Mashreq, have signed an agreement to provide primary data center colocation services at PTCL’s Tier-III Data Center facility.
At the special ceremony at PTCL Data Center II in Karachi, Mohamed Abdel Razek, Group Head of Technology, Transformation, and Information at Mashreq, Muhammad Hamayun Sajjad, CEO of Mashreq Pakistan, Umar Farooqi, Group Director Enterprise at PTCL, Mashreq Pakistan’s Chief Information Officer Khurram Abid, and PTCL’s Group Chief Business Services Officer Zarrar Hasham Khan signed the agreement.
PTCL will deliver its cutting-edge infrastructure and platform solutions, featuring the latest technology and managed security, to Mashreq Pakistan. While, Mashreq is working towards acquiring a restricted license from the State Bank of Pakistan to launch pilot digital retail banking operations in the country.
On this occasion, Mohamed Abdel Razek stated, “Partnering with PTCL for infrastructure and platform hosting as part of our digital transformation strategy truly thrills us. This partnership marks a significant advancement in our approach to infrastructure, platforms, and data management. Simultaneously, by utilizing PTCL’s expertise in data center and telecommunications, Mashreq aims to enhance operational efficiency and reduce time-to-market for products and services.”
Muhammad Hamayun Sajjad added, “Mashreq’s digital initiatives and partnerships are crafted to surpass customer and partner expectations, driving digital transformation and fostering financial inclusion across Pakistan. Furthermore, our collaboration with PTCL underscores our commitment to an agile operating model, preparing us to meet evolving market and customer demands.”
Moreover, at the signing ceremony, Zarrar Hasham Khan commented, “It is a delight to support Mashreq Pakistan in meeting their business needs. As a national leader in digitalization, PTCL is instrumental in developing telecom infrastructure by offering innovative and secure solutions to the corporate sector, contributing to the country’s economic growth.”
PTCL aims to provide top-tier services to corporate customers across various industries in Pakistan. This agreement is part of the ongoing growth in ICT and Security Solutions, essential to a digital banking ecosystem in Pakistan.
