Huawei Technologies Ltd. and Khazana Enterprise have teamed forces to create Pakistan’s first hyper-scale financial cloud, which is a significant development for the country’s ICT sector. This historic statement was made during a launch ceremony where important figures from Pakistan’s financial sector, government, and business world were present.
1. The Power of the First National In-Country Cloud
The launch of the First National In-Country Cloud represents a significant advancement for the Pakistani economy as a whole as well as for the ICT sector. Prior to now, Pakistan had been barred from using cloud services worth millions of dollars. This effort has given local organisations the chance to select a Pakistani solution that is advantageous to both local companies and the exchequer.
2. Congratulations from Industry Leaders
The Executive Chairman of Planet N Group, Mr. Nadeem Hussain, praised Huawei Management and the Khazana team for their successful cloud launch during the launch event. He emphasised the necessity for enormous amounts of data to be safely stored, either locally or in the cloud, in order to create a digital Pakistan. One of the top cloud service providers, Huawei Cloud, provides the solution with advantages including flexibility, agility, cost effectiveness, and cyber security.
Additionally, Mr. Bob Din, Chairman of Khazana, congratulated Pakistan’s tech community, particularly the teams at Khazana and Huawei Cloud, for their forward-thinking initiative. He also commended Pakistan’s regulators for creating a favourable atmosphere for the growth of cloud infrastructure.
3. Embracing Digital Transformation
The CEO of Huawei Cloud Pakistan, Mr. Shahzad Rasheed, emphasised the disruptive age we are currently in and the importance of digital transformation for organisations, notably banks. Only the utilisation of digital drivers, such as AI, IoT, and machine learning, which must be hosted on a cloud platform, can bring about this revolution. Two things set Huawei Cloud apart from the competition: it is one of three hyper-scaler federated clouds that are accessible in Pakistan, and it provides software services and ready-to-use solutions that are especially tailored for digital banks.
4. Addressing Regulatory and Security Concerns
Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), addressed regulatory concerns and emphasised the value of data protection while praising Huawei and Khazana for their collaboration. Data sovereignty and security are issues that are successfully addressed by this collaboration, according to him, who claimed that data is the new oil or money that needs to be secured.
The State Bank of Pakistan’s (SBP) Deputy Governor, Ms. Sima Kamil, also expressed her gratitude for the introduction of Huawei cloud. SBP has been working diligently to provide a legal framework for cloud services. The native model of Huawei’s cloud not only guarantees data security and privacy but also speeds up access, fosters job creation and economic growth, and reduces costs. She emphasised the importance of cloud infrastructure in minimising the nation’s reliance on massive volumes of data as she came to a conclusion.
5. The Global Impact of Huawei Cloud
When it comes to moving to the cloud, customers in sectors like banking and manufacturing are choosing Huawei Cloud, which has been implemented in 29 regions worldwide. Huawei is a true worldwide leader in information and communications technology, serving over three billion people and devoted to bringing digital connectivity to every individual, house, and organisation.
A well-known organisation in Pakistan, Khazana Enterprise, is committed to offering cutting-edge goods and services that make life easier and better for people and businesses all throughout the nation. In order to address client problems and offer specialised assistance throughout their financial journey, they have developed physical service centres and dedicated customer care channels as part of their commitment to human engagement.
With National Cloud Services and Fintech, Khazana wants to transform the Pakistani financial system. According to Bob Din, CEO of Khazana Enterprise, technology should empower users and encourage economic expansion. Khazana’s National Cloud services will build a strong and secure infrastructure for companies and government agencies to store, manage, and analyse their data. This will boost operational effectiveness, cut costs, and encourage innovation across numerous sectors, ultimately promoting economic growth in Pakistan.
By establishing MOUs with well-known fintech firms like Raqami Islamic Digital Bank, HengShan, and TitliS Technology, Huawei Technologies and Khazana Enterprise further reinforced their joint efforts. Thanks to the strength of Huawei’s technology and Khazana Enterprise’s forward-thinking strategy, an exciting new era in Pakistan’s financial landscape has officially begun.
