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PTCL-Telenor Fiber Leasing agreement to ensure quality services in Pakistan

06:42 PM | 15 Apr, 2016
PTCL-Telenor Fiber Leasing agreement to ensure quality services in Pakistan
LAHORE (Staff Report) - Pakistan Telecommunication Company Limited (PTCL) on Friday signed a fiber leasing agreement with Telenor Pakistan which would allow them to deliver quality services in a highly competitive market.

Telenor will benefit from this agreement in terms of upgrading its cellular backhaul to cater for exponential data growth in aftermath of 3G/4G regime in the country.

This agreement also serves as a major milestone towards achieving PTCL's overall vision of becoming `The Carrier of
Carriers' by leveraging its strengths in infrastructure and services domain.

At the signing ceremony here, Dr. Daniel Ritz, President and CEO PTCL said this agreement is indicative of how PTCL's vast
network serves as primary framework for Pakistan's communications infrastructure, connecting millions of consumers across the country. He said with over 35,000 kms of fiber deployed across Pakistan, our partnership with Telenor Pakistan will help to expand their 3G footprint further in order to provide quality data and voice services to its growing customer base.

PTCL will continue to play its major role in fiber and other telecom infrastructure developments in Pakistan, contributing
further to the overall progress of the country, he added.

On the occasion, Michael Foley, Chief Executive Officer (CEO) of Telenor Pakistan said as the Company aims for a Digital Pakistan with its mission of Internet for All, the need for a more robust infrastructure will be met with this partnership.

He said this project is in line with our fiber needs for traffic expansions with regards to 2G & 3G network, and will help
empower the Pakistani society further by making mobile broadband services available to a larger customer base than ever.

He said with cellular data expected to surge further in coming days thanks to 3G/4G regime, cellular operators are under immense pressure to upgrade their backhaul connectivity from radio to fiber. Senior management from both companies was present during signing ceremony and expressed their firm belief that the agreement would go a long way in strengthening bond between two companies.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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