Huawei Technologies Ltd and Khazana Enterprise have partnered to build the first financial cloud of its scale in the country. This initiative was announced at an event graced by the presence of key leaders from Pakistan’s financial industry, government and business sectors.
Impact on Pakistan’s Economy
This First National In-Country Cloud represents a significant advancement not just for the ICT Industry in Pakistan, but also for the country’s economy. Previously, Pakistan spent millions of dollars to access Cloud Services. This new initiative offers a local solution that will benefit both local businesses and the national treasury.
Quotes from Key Stakeholders
Mr. Nadeem Hussain, the Executive Chairman of Planet N Group, commended Huawei and Khazana team for the successful cloud launch. He emphasized the importance of digital data storage and hailed Huawei Cloud as the answer to the data storage needs of a digital Pakistan.
Mr. Bob Din, Chairman of Khazana, congratulated the tech industry of Pakistan, especially the Khazana Team and Huawei Cloud Team, for this progressive step. He also appreciated the regulators for fostering a conducive environment for the development of Cloud Infrastructure.
Mr. Shahzad Rasheed, CEO of Huawei Cloud Pakistan, highlighted the disruptive nature of the current era and the need for digital transformation in organizations. He pointed out that digital drivers like AI, IoT, Machine Learning need to be hosted on a cloud, which is where Huawei Cloud comes in.
Mr. Akif Saeed, Chairman SECP, commended Huawei and Khazana for their step and emphasized the importance of data protection. He expressed confidence that the partnership between Huawei and Khazana would address concerns about data sovereignty and security.
Ms. Sima Kamil, Deputy Governor, State Bank of Pakistan, praised the launch of Huawei Cloud and outlined five main reasons for the bank’s approval of it. These included data security, data privacy, improved efficiency, economic growth and cost optimization.
Huawei Cloud’s Global Impact
Huawei Cloud has been deployed in 29 Regions around the world and is fast becoming the preferred choice of customers in industries such as finance and manufacturing to migrate to the cloud. Huawei, founded in 1987, is a leader in global ICT infrastructure and smart devices, operating in over 170 countries and serving more than three billion people worldwide.
About Khazana Enterprise
Khazana Enterprise is a Pakistani institution dedicated to providing innovative products and services. With a customer-centric approach, Khazana aims to simplify and enhance the lives of individuals and businesses across the country. “Technology should empower our customers and drive economic growth,” stated Bob Din, Chairman of Khazana Enterprise.
Furthermore, Nadeem Khan, CEO of Khazana Enterprise, stated that Khazana’s National Cloud services will establish a secure infrastructure for businesses and public sector organizations to store, manage, and analyze their data. This will enhance operational efficiency, reduce costs, and foster innovation across various sectors.
The collaboration was further solidified at the event by signing MOUs with fintech companies such as Raqami Islamic Digital Bank, HengShan, and TitliS Technology.
