TRG Pakistan signs 5-year service agreement with US telecom provider

TRG Pakistan Limited on Thursday announced that one of its portfolio companies in the enterprise software industry has signed a pay-for-performance, five-year service agreement with a US telecommunications provider, informed the company in a notice to the Pakistan Stock Exchange.

“It is currently unclear how much the portfolio company will be able to actually bill and collect under this agreement, as such a determination will depend on a number of factors. These factors are primarily driven by whether the services provided will sufficiently perform to earn all potential fees, and also by whether the client triggers a termination for convenience right as well as to what extent are potential service fees impacted by the telecommunication provider’s customer churn,” the notice further said. 

 Subject to these conditions, the potential service fees are expected to be highly material to the current aggregate revenues of the portfolio company, the notice added. 

“TRG Pakistan Limited would also like to announce that it is actively assessing monetization alternatives for two of its other portfolio companies and these portfolio companies have retained financial advisors for that purpose. These alternatives include accessing the US public markets. Given the volatility in the financial markets as well as the outlook for the global economy, there is no certainty as to the potential success of any such initiative,” the notice elaborated.


  1. Afiniti , the enterprise software company’s revenue have stalled. After so many years and spending tens of millions of $ , it has yet to hit 100 Million $ revenue . In fact its revenue growth is negative compare to last Financial year, It is a phantom unicorn. As long as other two company monetization attempt is concerned , the management has been assessing this for years without any success. It will be sheer madness to expect them to pull an exit in these Covid-19 environment.

    Just beware as this is another attempt to offload shares to gullible investors.

  2. Afiniti has been talking of IPO since 2017 as they filed it in 2016. They will not IPO as they are hiding something and not in profit. Their systems are very bad and they do a lot of hanky panky if you ask their clients.

  3. Zia Chishti is the biggest con man and fraud on the planet. His businesses make no money and he lives off of borrowed money, “pay for performance” deals which never deliver and then sues the poor bloke client. Smoke and Mirrors. Jail cell is waiting for this chap when it all falls apart.

Comments are closed.

Must Read

The govt claims PIA will be privatised by June. Here is...

Against all belief, the past six months have seen incredible progress in the privatisation of Pakistan’s national carrier. So what can we expect in the days to come?