Islamabad: Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan-leading financial institution in MENA region signed an agreement for provisioning of primary data center colocation services at PTCL’s Tier-III Data Centre facility.

Mohamed Abdel Razek Group Head of Technology, Transformation and Information Mashreq, Muhammad Hamayun Sajjad CEO Mashreq Pakistan and Umar Farooqi Group Director Enterprise PTCL, Mashreq Pakistan’s Chief Information Officer Khurram Abid and PTCL’s Group Chief Business Services Officer Zarrar Hasham Khan signed agreement at special ceremony held at PTCL Data Centre II here. Mohamed Abdel Razek said, “By leveraging PTCL’s data center and telecommunications expertise, Mashreq aims to achieve an enhanced and reliable operating leverage and reduced time-to-market of products and services.” Muhammad Hamayun Sajjad said, “Our partnership with PTCL showcases our commitment to Mashreq’s agile operating model, enabling us to be ready to meet changing demands of market and our customers.” Zarrar Hasham Khan said, “Through such partnerships, PTCL continues to play its key role in development of telecom infrastructure by providing innovative and secure solutions to corporate sector that will further contribute towards overall economic growth of country.” PTCL is providing Mashreq Pakistan with its state-of-the-art infrastructure and platform solutions that are equipped with latest technology and managed security.

Mashreq is actively progressing towards acquiring restricted license from State Bank of Pakistan to initiate pilot digital retail banking operations in Pakistan.