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Czech software company to invest $1 million in data centre in Pakistan

07:47 PM | 30 Apr, 2024
Czech software company to invest $1 million in data centre in Pakistan
Source: Social media

A software company headquartered in Czechoslovakia is poised to invest approximately $1 million in Pakistan for the establishment of a data center, as announced by a senior official of the organization on Tuesday. The company also outlined its intentions to launch a subsidiary in Saudi Arabia.

IceWarp, founded in 1998, operates in over 100 countries, offering specialized and cost-effective services such as hosted email, TeamChat, ChatGPT integration, and online conferences.

Jan Urbik, IceWarp’s global chief sales officer, emphasized Pakistan's potential for digital transformation across both public and private sectors during a press conference in Karachi. He expressed the company's commitment to supporting Pakistan's digitalization efforts through accessible solutions.

Urbik disclosed plans to establish a data center in Pakistan to comply with local regulations mandating data and privacy of Pakistani citizens to remain within the country's borders. IceWarp aims to provide solutions that are 60 percent more cost-effective than competitors, featuring advanced applications and cybersecurity measures to attract various industries, financial institutions, SMEs, and startups.

IceWarp intends to invest approximately $1 million in Pakistan for the data center and subsidiary setup, collaborating with Hexalyze, a local Pakistani company. Additionally, IceWarp plans to expand its presence by establishing a subsidiary in Saudi Arabia, following positive engagements during a visit to the kingdom.

Syed Saad Shah, CEO of Hexalyze, revealed that IceWarp plans to establish a regional office in Pakistan in partnership with their company. IceWarp's expansion into Saudi Arabia and the UAE will involve separate data centers in those countries, with the Pakistan office serving as a support hub for marketing and sales activities.

Shah highlighted the affordability of IceWarp's corporate email solutions, enabling numerous Pakistani companies to integrate technology into their operations while saving on costs and conserving foreign exchange.

Hexalyze, a Pakistani IT company operating in the UAE, Saudi Arabia, Australia, and Pakistan, has been offering tech integration solutions to SMEs and large enterprises since 2014.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Dirham, Riyal 13 June 2024

Pakistani currency rates against US Dollar and other currencies on June 13, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 350.5 for buying, and 353 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 75.9.

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.6 280.65
Euro EUR 296 299
UK Pound Sterling GBP 350.5 353
U.A.E Dirham AED 75 75.9
Saudi Riyal SAR 73.1 73.85
Australian Dollar AUD 182 184
Bahrain Dinar BHD 740.88 748.88
Canadian Dollar CAD 204 206
China Yuan CNY 38.38 38.78
Danish Krone DKK 40.14 40.54
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.19 917.19
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.52 731.52
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.5 205.5
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.94 312.44
Thai Bhat THB 7.56 7.71

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