Tuesday, August 04 2026

KPMG exit won’t affect oversight of major telecom merger
Independent oversight of Pakistan’s largest telecom merger will continue uninterrupted despite a reported decision by KPMG to exit Pakistan, with the Competition Commission of Pakistan (CCP) confirming that compliance monitoring under the PTCL–Telenor merger remains fully intact, official sources told Business Recorder. The official sources said the five-year monitoring framework—covering compliance reviews, transaction audits and quarterly reporting—will continue through the Independent Third-Party Reviewer (TPR) appointed under the merger conditions. The sources maintained that the reported exit by KPMG would not affect the arrangement, as other partners associated with the engagement would continue to discharge the reviewer’s responsibilities.
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Friday, July 31 2026

After Telenor Pakistan acquisition, PTCL reportedly eyes digital wallet
The market is rife with speculation that after completing the acquisition of Telenor Pakistan last year, Pakistan Telecommunication Company Limited (PTCL) is now setting its sights on acquiring a known digital wallet, potentially bringing the country’s leading digital financial services platform under the PTCL Group. The speculation intensified after PTCL informed the Pakistan Stock Exchange (PSX) on Friday that its Board of Directors had approved the submission of a binding offer to acquire a majority stake in an unnamed target company.
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Wednesday, July 29 2026

IH2026 results: PTCL achieves 62pc growth YoY
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the half year ended June 30, 2026, at a Board of Directors meeting held in Islamabad. PTCL maintained strong growth momentum during the first half of 2026, supported by continued growth across its fixed, enterprise and mobile businesses, alongside the successful amalgamation of Ufone and Telenor Pakistan under Pak Telecom Mobile Limited (PTML).
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Related symbols: ptc (news stock)