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LOLC Microfinance Bank partnered with PTCL Smart Cloud. This enhances digital banking infrastructure.
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Pakistan Telecommunication Company Limited and LOLC Microfinance Bank Limited have formalized a cloud services agreement through PTCL Smart Cloud infrastructure. The partnership aims to deliver scalable and secure technology solutions supporting LOLC’s expanding microfinance operations nationwide. Farooq Rashid, Chief Executive Officer of LOLC Microfinance Bank, and Asif Ahmad, Group Chief Business Solutions Officer at PTCL.Official and Ufone 4G, signed the agreement in Islamabad.
Senior executives including Ilsam Awfer, Chief Operating Officer, Nizar Noor Ali Momnani, Chief Commercial Officer, and Faraz Basheer, Head of IT from LOLC Microfinance Bank attended alongside PTCL representatives Haseeb Uddin Hashmi, Group Director of Enterprise Solutions, and Syed Imran Ali Bukhari, Group Vice President of Strategy and Product Management.
The collaboration leverages PTCL’s telecommunications expertise and data center capabilities to enhance LOLC’s operational efficiency, reduce product time-to-market, and strengthen its platform and data management infrastructure for Pakistan’s digital banking sector.
