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DE-CIX, PTCL join hands to establish Internet Exchange in Pakistan

Web Desk 05:44 PM | 8 Mar, 2023
DE-CIX, PTCL join hands to establish Internet Exchange in Pakistan

ISLAMABAD - DE-CIX, the world’s leading Internet Exchange (IX) operator, and Pakistan Telecommunication Company Limited (PTCL), today signed a strategic partnership to establish an Internet Exchange (IX) in Pakistan.

The IX will be housed as a redundant setup in the data centres of PTCL.  As a world-class interconnection platform in the populous South Asian country, it will be operated by DE-CIX under the DE-CIX as a Service (DaaS) model, and built on DE-CIX’s award-winning interconnection infrastructure, including the full set of peering, cloud connectivity, and other interconnection services.

Technical implementation is planned for 2023. The interconnection platform is set to serve as a hub for regional connectivity, enabling local networks' low-latency interconnection and localization of global content, while increasing network stability, scalability, and security.

“With a population of over 200 million people and Internet usage growing incredibly fast, Pakistan needs local interconnection, and its Internet connectivity will be strongly enhanced through this partnership. We want to serve the great demand for increasing the speed, quality, and stability of Internet connectivity to guarantee the best experience possible for end users and businesses in the market,” commented Ivo Ivanov, CEO of DE-CIX, after the signing ceremony at the telecoms event Capacity Middle East.

“This will also attract more national and international Internet and cloud service providers to do business there and grow a vibrant local digital ecosystem, to offer the people in Pakistan the best access to local and international information, content, and services,” Ivanov continued.

“We are thrilled to collaborate with DE-CIX to bring this state-of-the-art interconnection facility to Pakistan,” said Zarrar Hasham Khan, Group Chief Business Solutions Officer at PTCL & Ufone. “As the largest integrated ICT company in Pakistan, we are committed to advancing the country’s digital infrastructure to support widespread digitalization, and this collaboration is a significant step forward in achieving that goal."

The IX in Pakistan becomes the 13th DE-CIX Internet Exchange announced under the DaaS model, joining such success stories as the UAE-IX powered by DE-CIX in Dubai, whose growth and success over the last decade has led to it being recognized as an international Internet hub.

The DaaS program includes a set of services – such as installation, maintenance, provisioning, marketing, and sales support – designed for digital infrastructure operators to create their own IX and interconnection platform, fully operated by DE-CIX. DE-CIX delivers the technical set-up needed for an Internet Exchange as a fully pre-configured and standardized “DE-CIX in a box” solution – easy to plug and play.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 31, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 31, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.8 286.6
Euro EUR 306 309
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 79.9
Saudi Riyal SAR 75.6 76.4
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,070.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 207,700 PKR 2,470
Karachi PKR 207,700 PKR 2,470
Islamabad PKR 207,700 PKR 2,470
Peshawar PKR 207,700 PKR 2,470
Quetta PKR 207,700 PKR 2,470
Sialkot PKR 207,700 PKR 2,470
Attock PKR 207,700 PKR 2,470
Gujranwala PKR 207,700 PKR 2,470
Jehlum PKR 207,700 PKR 2,470
Multan PKR 207,700 PKR 2,470
Bahawalpur PKR 207,700 PKR 2,470
Gujrat PKR 207,700 PKR 2,470
Nawabshah PKR 207,700 PKR 2,470
Chakwal PKR 207,700 PKR 2,470
Hyderabad PKR 207,700 PKR 2,470
Nowshehra PKR 207,700 PKR 2,470
Sargodha PKR 207,700 PKR 2,470
Faisalabad PKR 207,700 PKR 2,470

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