Monday, July 14 2025

PTCL’s financial woes deepen
Despite generating higher revenues, Pakistan Telecommunication Company Ltd (PTCL) — the only state-owned enterprise (SOE) managed by the private sector — continues to incur losses, raising concerns over its financial health and future strategy. According to the biannual performance report (July-December FY25) released by the Central Monitoring Unit (CMU) of the Ministry of Finance, PTCL posted a loss of Rs7.2 billion during the period, pushing its accumulated losses to Rs43.6bn. The report also noted that PTCL has moved up the ranking of loss-making SOEs, rising from 10th position in the first half of FY24 to 7th place in the current fiscal year. The finance ministry cautioned that the proposed acquisition of Telenor Pakistan by PTCL, if not carefully managed, could further destabilise the Group’s finances. The ministry warned the move may hinder PTCL’s digital transformation goals and limit its ability to invest in core growth areas over the coming years.
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