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PTCL, ZONG sign Fiber Optic Leasing Agreement

06:28 PM | 17 Aug, 2016
PTCL, ZONG sign Fiber Optic Leasing Agreement
LAHORE (Staff Report/PR) - PTCL will deploy 789 km of fiber for ZONG which will enable delivery of quality telecommunication services for the Pakistani market.

An agreement to this effect was signed between Pakistan Telecommunication Company Limited (PTCL) and ZONG.

The agreement entails a fiber leasing agreement which will enable ZONG to utilise PTCL’s extensive nationwide fiber optic footprint and its expertise in deploying, operating and maintaining a fiber optic network.

Pakistan’s telecom market has recently started witnessing a sharp increase in the data usage preference of 3G/4G cellular subscribers. This emerging trend is pushing the need for aggressive 3G/4G rollout across the country and creating a demand for effective BTS backhauling for seamless data transmission. This agreement will enable ZONG to further expand its fastest 3G and 4G network nationwide.

Under the agreement, PTCL will deploy, operate and maintain 789 Km of fiber line across the country connecting ZONG’s BTS for data backhauling.

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The strategic partnership is a step forward towards utilising the MoU that was signed between the two companies in December 2015. The MoU declared PTCL as ZONG’s preferred partner for providing infrastructure and technical expertise in a number of sub-sectors.

This project is specifically aimed at enhancing and extending ZONG’s footprint in order to offer high-quality data and voice-based services to their rapidly expanding 3G/4G subscriber base across the country.

Mr. Daniel Ritz, CEO and President of PTCL and Mr. Liu Dianfeng (Chairman and CEO, ZONG) signed the agreement at a ceremony held at PTCL Headquarters in Islamabad on 17th August, 2016.

The signing ceremony was attended by senior management from both the companies, including Mr. Sikander Naqi, (Chief Business Development Officer, PTCL), Mr. Saad Warriach (Chief Technical & Information Officer, PTCL), Mr. Muhammad Nehmatullah (CFO, PTCL) and Mr Omar Khalid (EVP, Carrier Services and Wholesale), Mr. Maham Dard, (Director Corporate Affairs, ZONG), Ms. Miao Qiao, (Chief Technical Officer, ZONG), Mr. Mannan Shabir (Executive Director Procurement, ZONG) and Mr. Li Yewen (Director Network Planning, ZONG).

On the occasion, senior management of the two companies emphasised the need for deployment of cost-effective solutions which will enable delivery of quality telecommunication services for the Pakistan market.

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Pakistani rupee sees marginal decline against US Dollar, Euro, Dirham, & Riyal; check forex rates

Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.

Dollar Rate in Pakistan Today

On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.

Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.

UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 29 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.6  288.65 
Euro EUR 312  315 
UK Pound Sterling GBP 360  363
U.A.E Dirham AED 78.25  79
Saudi Riyal SAR 76.25 77.25
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 750.11 758.11
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 914.36 923.36
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 320.1 322.6
Thai Bhat THB 8.01 8.16

Gold rates see big increase in Pakistan; Check today gold price here

KARACHI – The gold price moved up down in the local market in line with massive increase in international market.

Gold Rates in Pakistan Today - 29 November 2023

On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.

Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.

In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,000 PKR 2,610
Karachi PKR 218,000 PKR 2,610
Islamabad PKR 218,000 PKR 2,610
Peshawar PKR 218,000 PKR 2,610
Quetta PKR 218,000 PKR 2,610
Sialkot PKR 218,000 PKR 2,610
Attock PKR 218,000 PKR 2,610
Gujranwala PKR 218,000 PKR 2,610
Jehlum PKR 218,000 PKR 2,610
Multan PKR 218,000 PKR 2,610
Bahawalpur PKR 218,000 PKR 2,610
Gujrat PKR 218,000 PKR 2,610
Nawabshah PKR 218,000 PKR 2,610
Chakwal PKR 218,000 PKR 2,610
Hyderabad PKR 218,000 PKR 2,610
Nowshehra PKR 218,000 PKR 2,610
Sargodha PKR 218,000 PKR 2,610
Faisalabad PKR 218,000 PKR 2,610
Mirpur PKR 218,000 PKR 2,610

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