PTCL and Mashreq Pakistan Sign Agreement for Data Centre Colocation Services

A modern data center with rows of servers and advanced technological infrastructure. The scene includes PTCL and Mashreq Pakistan logos subtly integral

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan have signed an agreement to provide primary data centre colocation services at PTCL’s Tier-III Data Centre facility, according to a statement released on Tuesday.

Under this agreement, PTCL will offer Mashreq Pakistan state-of-the-art infrastructure and platform solutions with cutting-edge technology and managed security. Mashreq is currently advancing towards obtaining a restricted license from the State Bank of Pakistan to commence pilot digital retail banking operations in the country.

“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 enhanced and reliable operating leverage, and reduced time-to-market for products and services,” said Mohamed Abdel Razek, Group Head of Technology, Transformation, and Information at Mashreq.

Zarrar Hasham Khan, Group Chief Business Solutions Officer of PTCL & Ufone 4G, commented, “PTCL, as a national company, is leading the digitalisation effort across the country. Through such partnerships, PTCL continues to play a key role in the development of telecom infrastructure by providing innovative and secure solutions to the corporate sector, further contributing to the overall economic growth of the country.”

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