Mari Petroleum launches data centers in Karachi of new tech subsidiary

MG News | September 25, 2024 at 11:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 25, 2024 (MLN): Mari Petroleum Company Limited (PSX: MARI) has initiated the formation of a proposed wholly-owned tech subsidiary, with the launch ceremony for its data centers taking place earlier today in Karachi.

These data centers will host data for public and private institutions.

Yesterday, the company's board approved an investment of Rs10 billion in a proposed wholly-owned subsidiary by way of equity.

This new company will focus on data centers, cloud computing, artificial intelligence, and other emerging technologies, including those related to the petroleum and mining sectors.

Today, MARI said that it will initiate the project with scalable data centers and expand into artificial intelligence, cloud computing and related technology ventures.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,265.00	83,300.00 82,645.00	795.00 0.96%
BRENT CRUDE	104.54	105.09 102.33	0.26 0.25%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.66	92.17 90.01	0.17 0.19%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%