Karachi: ITANZ Technologies Limited has announced a significant development in its international operations, securing a long-term contract with a leading wholesale distribution conglomerate based in the United Arab Emirates. The deal, dated June 17, 2026, is valued at USD 5.00 million and will be implemented over the next five years with an equal annual fee structure.

The contract encompasses a digital transformation program that will utilize four integrated technology pillars. These include an Enterprise Resource Planning (ERP) backbone, a Customer and Supplier Intelligent Self-Service platform, an Enterprise Asset Management system, and a Mobile Field Workforce solution. These components will be unified through ITANZ's proprietary integration framework, which also incorporates embedded Artificial Intelligence (AI) and advanced analytics capabilities.

According to information available from the Pakistan Stock Exchange (PSX), ITANZ is adhering to Section 96 of the Securities Act, 2015, and clause 5.6.1(a) of the PSX regulations, ensuring compliance with all necessary legal and corporate governance standards. The initial phase of this contract is set to commence within 2026, with ITANZ committed to updating the Exchange on any further material developments.

This engagement underscores ITANZ's commitment to regulatory compliance and maintaining high standards of corporate governance, as the company continues to expand its international footprint in the technology sector.