Supernet secures huge cybersecurity contract from major bank

KARACHI: Supernet Technologies Limited has secured a multi-million US dollar cybersecurity contract through its subsidiary, Supernet Secure Solutions Pvt Limited, further strengthening its presence in Pakistan’s financial services sector, the company said in a notice to the Pakistan Stock Exchange.

The five-year contract has been awarded by one of the country’s largest banks and represents a continuation of a long-standing relationship between the two entities. This marks the second consecutive mandate, following the successful execution of a previous five-year contract awarded in 2021.

Under the renewed agreement, Supernet Secure will deploy an upgraded and more advanced cybersecurity solution aimed at enhancing the bank’s digital infrastructure. The project includes implementation of endpoint security systems to protect more than 10,000 employees nationwide, addressing a critical area of cyber risk for large financial institutions.

The company said the contract falls within the multi-million US dollar range, indicating a substantial addition to its cybersecurity revenue pipeline over the next five years.

In addition to this mandate, Supernet Secure is already engaged with the same client on a three-year privileged access management solution and has previously supported the bank’s international operations through a range of cybersecurity services.

Market analysts view repeat contracts of this scale as a sign of strong client retention and increasing demand for advanced cybersecurity solutions within Pakistan’s banking sector, which is rapidly expanding its digital footprint amid rising cyber threats.

Supernet Technologies said the financial impact of the newly secured contract is expected to remain positive throughout its duration, contributing to the company’s long-term growth trajectory.

The development comes as the company continues to expand its footprint in high-value digital infrastructure and cybersecurity segments, positioning itself as a key technology partner for enterprise and financial sector clients.

Copyright Business Recorder, 2026