PTCL maintains growth momentum in 2Q 2021

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8% revenue, 38% profit increase; highest since 2014

Mohammad Arshad
Islamabad

Country’s leading telecom and ICT services pro-vider, Pakistan Telecommunication Company Lim-ited (PTCL), Wednesday, announced financial re-sults for the first half ended June 30, 2021.

The company posted a significant 8 percent growth in its revenues, the highest since 2014, owing to its robust performance.

Group Chief Financial Officer Nadeem Khan while briefing the media said that PTCL would had intro-duced a new product named Flash Fiber under the Sunrise Pa kistan program and soon PTCL would become country’s largest fiber provider.

So far PTCL has received good response on Flash Fiber from the customers and we have devised an aggres-sive plan to launch this product countrywide.

Speaking in the question/ answer session, he said that PTCL’s growth was not due to restrictions of the Covid-19 and our good strategy and better per-formance of PTCL team had led to the growth of business and services and it was our achievement.

Responding to a question, he hoped that the gov-ernment would review the 75 paisa tax on every phone call extending over five minutes because it was difficult to collect and deduct the tax from the consumers because nobody knows how many cus-tomers would make call over five minutes.

Nadeem Khan said that PTCL was also making efforts to provide services to the people in less de-veloped with low revenue areas in all four prov-inces.

In this regard, we have signed agreements along with hefty investments in rural areas of Pun-jab, Sindh, KPK and Balochistan.

Additionally, 5G Technology was successfully tested in a limited environment in Khyber Pakhtunkhwa .

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