PTCL is sinking deeper into financial trouble, reporting a loss of Rs 7.2 billion in just the first half of FY2025 — pushing its total losses to over Rs 43 billion. Once a profit-making company under Etisalat, PTCL is now ranked among Pakistan’s top 10 loss-making state-owned enterprises.
Despite rising revenues, the telecom giant is weighed down by massive pension liabilities and is now eyeing a risky acquisition of Telenor Pakistan. The Finance Ministry has raised concerns, warning that the move could worsen PTCL’s financial health and derail its digital transformation plans.
