–UAE telecom giant assesses Pakistan exposure, no final decision yet BeNewz Report ISLAMABAD: The Etisalat is reviewing its investment in Pakistan Telecommunication Company Limited as part of a broader global portfolio optimisation strategy, though no final decision on exit has been taken so far, officials and industry sources said, quoting …
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Aftab Maken ISLAMABAD: PTCL Group has reported a notable turnaround in its latest financial results, posting a net profit of Rs. 3.07 billion. While this marks a significant recovery from previous losses, a closer examination of the financials reveals several underlying weaknesses that could challenge the sustainability of this performance. …
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BeNewz Report ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar landed in Dubai on Friday for a high-stakes official visit, arriving directly from the World Economic Forum in Davos, Switzerland. His primary agenda: urgent talks with the management of UAE-based telecom powerhouse Etisalat to untangle a protracted dispute over …
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Aftab Maken ISLAMABAD: A major controversy has erupted over the hefty meeting fees and perks provided to the Chairman and members of the Pakistan Telecommunication Company Limited (PTCL) Board of Directors. Official documents reveal that the PTCL Chairman receives $8,000 per board meeting, while each director is paid $5,000 per …
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Aftab Maken ISLAMABAD: Emergency maintenance on a key undersea cable begins today, expected to cause nationwide slowdowns for up to 18 hours, according to PTCL and Nayatel. Pakistan’s two major internet service providers, Pakistan Telecommunication Company Limited (PTCL) and Nayatel, have announced scheduled emergency maintenance on a critical submarine cable …
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Aftab Maken ISLAMABAD: The Senate Standing Committee on IT and Telecom, chaired by Senator Palwasha Khan, convened on Monday and received a comprehensive briefing on Pakistan’s planned 5G spectrum auction, PTCL’s pending audit, telecom mergers, and the growing threat of cyber and financial fraud. During the session, the Pakistan Telecommunication …
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Pakistan Telecommunication Company Limited reported a Rs 9.90 billion half-year loss, exposing structural weaknesses, while $800m privatization dues from Etisalat remain unsettled. Pakistan Telecommunication Company Limited (PTCL), once Pakistan’s telecom monopoly and still the largest fixed-line operator, has reported a massive consolidated loss of Rs 9.90 billion for the half-year …
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BeNewz Report ISLAMABAD: The Competition Appellate Tribunal has upheld the Competition Commission of Pakistan’s (CCP) decision to penalize Pakistan Telecommunication Company Limited (PTCL) and other Long Distance International (LDI) operators for entering into an anti-competitive International Clearing House (ICH) agreement. The tribunal directed the companies to deposit the fine within …
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Aftab Maken ISLAMABAD: The National Assembly’s Standing Committee on Information Technology and Telecommunication has come down hard on Pakistan Telecommunication Company Limited (PTCL), recommending disciplinary action due to serious concerns about mismanagement, lack of transparency, and failure to cooperate with parliamentary oversight. The committee also sharply criticized the broader telecom …
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Losses mount despite top-line growth; Telenor deal adds to debt woe Aftab Maken ISLAMABAD: PTCL Group has posted a growth in consolidated revenues for FY2024, touching Rs 219.78 billion – up from Rs 188.66 billion last year – but the numbers tell only half the story. Beneath the surface, the …
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