PTCL confirms Mohammad Nadeem Khan as CEO after interim stint

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has formally appointed Mohammad Nadeem Khan as its chief executive officer, ending his 14-day tenure as interim CEO and placing a long-serving company executive at the helm of the country's largest telecom services provider.

The appointment was announced in a notice filed with the Pakistan Stock Exchange (PSX) on Tuesday.

Khan replaces Hatem Bamatraf, who stepped down after serving as President and CEO of PTCL and Ufone for the past five years to take over as Chief Executive Officer of Pak Telecom Mobile Limited (PTML).

Having spent more than 20 years with the PTCL Group, Khan joined Ufone as Chief Financial Officer in 2003, a position he held for a decade. In 2017, he was elevated to Group Chief Financial Officer of PTCL and Ufone, where he led the group's financial strategy during a period of corporate expansion, including the acquisition of Telenor Pakistan.

The company said Khan will now oversee PTCL's next phase of growth, with priorities including the modernisation of its wireline network, wider fibre deployment, expansion of next-generation digital services and strengthening its position in the business-to-business (B2B) market. PTCL added that it will continue investing in broadband infrastructure, fibre networks, data centres and submarine cable systems to support Pakistan's digital transformation.

Beyond his executive responsibilities, Khan serves on the Board of U Microfinance Bank. He is a member of both the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Chartered Accountants in England and Wales (ICAEW), and also sits on the Accounting Standards Board of ICAP.

Separately, PTCL reported that its consolidated revenue grew 12% year-on-year in 2025, supported by gains in fixed broadband, enterprise, wholesale and mobile businesses. Operating profit surged 216% over the same period, although the group recorded a net loss of Rs9.7 billion, largely due to accelerated expected credit loss (ECL) provisioning at Ubank following changes to prudential regulations.

PTCL was incorporated on December 31, 1995, and commenced commercial operations on January 1, 1996. In 2006, the government sold a 26% stake and management control in the company to Etisalat International Pakistan for $2.6 billion. However, about $799 million from the transaction remains unpaid because of a long-standing dispute over the transfer of certain properties.