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Business & Finance Print edition: 2025-11-29

PTCL, LOLC Microfinance Bank ink deal on cloud services

Published November 29, 2025 Updated November 29, 2025 02:39am
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KARACHI: Pakistan Telecommunication Company Limited (PTCL) and LOLC Microfinance Bank have signed an agreement to provide comprehensive cloud services through PTCL Smart Cloud.

The partnership will leverage PTCL’s advanced infrastructure and platform solutions to provide LOLC with scalable, secure technology to support its growing microfinance operations across Pakistan.

Farooq Rashid, Chief Executive Officer, LOLC Microfinance Bank, and Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G, signed the agreement at a ceremony in Islamabad.

The signing was witnessed by senior executives from LOLC Microfinance Bank, including Ilsam Awfer, Chief Operating Officer, Nizar Ali Momnani, Chief Commercial Officer, and Faraz Basheer, Head of IT, along with PTCL & Ufone 4G executives Haseeb Hashmi, Group Director Enterprise Solutions, and Syed Imran Ali Bukhari, Group Vice President Strategy and Product Management.

Copyright Business Recorder, 2025

ptcl Ufone 4G cloud services LOLC Microfinance Bank

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