Tuesday, May 05 2026

9MFY26 results: Supernet reports Rs5.72bn topline revenue
Supernet Technologies Limited (STL) has announced its first financial results following merger with Supernet Limited (SNL), for the nine months ended March 31, 2026, delivering a strong performance. The company reported a topline revenue of Rs 5.72 billion on a consolidated basis, which translated into a gross profit of Rs 1.38 billion and operating profit of Rs 604 million. Profit before taxation for STL and its subsidiaries stood at Rs 483 million, while profit after tax reached Rs 334 million, resulting in earnings per share (EPS) of Rs 2.89. These results are not comparable with the prior period, which include the impact of operations of SNL from the effective date of merger (i.e., January 01, 2025).
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Related symbols: stl (news stock)

Wednesday, April 22 2026

January-March 2026: PTCL Group achieves Rs3.1bn net profit
The Pakistan Telecommunication Company Limited (PTCL) Group has achieved a net profit of Rs3.1 billion during January-March 2026, and the company announced to formally launch the 5G services from next month. CEO, PTCL and Ufone, Hatem Bamatraf, while announcing the Q1 2026 financial results, said that the revenues of the PTCL group increased by 58 percent during Jan-March 2026 compared to the same period last year. The PTCL Group staged a comeback into profits with Rs. 3.1 billion bottom-line in Q1 2026 Bamatraf acknowledged that the company had been struggling in the past years due to several reasons. Since January 2026, financial results of Telenor Pakistan have been consolidated in PTCL Group, which supported the sustained growth in fixed broadband, enterprise, wholesale, and mobile services.
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Friday, April 17 2026

Imported mobile phones: Panel directs MoF, FBR to rationalise duties, taxes
The National Assembly Standing Committee on Finance on Thursday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) to urgently rationalise duties and taxes on imported mobile phones for announcement in the coming budget (2026-27). Primarily, the proposal was to reduce sales tax from 25 percent to 18 percent on high-end mobile phones in CBU condition exceeding USD 500. Mobile phones having an import value of less than USD 500 are subjected to 18 percent sales tax. However, the Federal Board of Revenue (FBR) as well as the Tax Policy Unit did not agree with the proposal of reducing sales tax from 25 percent to 18 percent on high-end mobile phones above USD 500. The issue was discussed in detail during the 23rd meeting of the Standing Committee on Finance and Revenue held here on Thursday under the Chairmanship of MNA Syed Naveed Qamar.
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Friday, April 10 2026

Pakistan’s Supernet secures multi-million-dollar cybersecurity contract from major bank
Supernet Technologies Limited secured a multi-million-dollar cybersecurity contract through its subsidiary, Supernet Secure Solutions Pvt Limited, further strengthening its footprint in Pakistan’s financial services sector. The five-year contract was awarded by one of Pakistan’s largest banks, the company said in a statement. It said that this was the second consecutive mandate, following the successful execution of an earlier five-year contract awarded in 2021. “Under the renewed agreement, Super Secure will deploy an upgraded and more advanced cybersecurity solution aimed at strengthening the bank’s digital infrastructure. The project includes the implementation of endpoint security systems designed to protect more than 10,000 employees nationwide, addressing one of the most critical areas of cyber risk for financial institutions.” Supernet said that the contract value falls in the multi-million US dollar range, indicating a significant addition to its cybersecurity revenue pipeline over the next five years.
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Related symbols: stl (news stock)

Thursday, April 09 2026

PTA drafts comprehensive licensing framework for MVNOs
The Pakistan Telecommunication Authority (PTA) has drafted a comprehensive licencing framework for Mobile Virtual Network Operators (MVNOs), introducing a structured regulatory regime along with an initial licence fee of USD 140,000, envisaging to expand competition and innovation in the telecom sector. According to the draft licence, MVNOs will be authorized to provide mobile communication services across Pakistan, excluding Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB). The framework sets out detailed conditions governing service scope, commercial arrangements with Mobile Network Operators (MNOs), regulatory compliance, and financial obligations.
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