Financial Highlights
• Group revenue increased by 15% on a YoY basis, driven by strong growth in fixed broadband, mobile data, enterprise, and carrier wholesale services.
• PTCL revenue grew by 13% YoY, led by 56% growth in Flash Fiber and 17% growth in Business Solutions compared to the same period last year.
• Carrier and Wholesale business maintained its momentum with 24% growth. The international segment also recorded a YoY revenue increase of 6%.
• PTCL’s operating profit reached Rs. 12.9 billion, up 57% over YTD 2024 and posted a net loss of Rs. 1.2 billion primarily due to one-off booking of additional pension liability amounting to Rs. 5.9 billion pursuant to the decision of the Honourable Supreme Court of Pakistan.
• Ufone 4G posted YoY topline growth of 15%, demonstrating resilience across commercial and operational areas.
• Sustained topline growth, together with ongoing cost optimisation initiatives, enabled Ufone to deliver a strong EBIT of Rs. 11.9 billion compared to Rs. 1.6 billion in YTD 2024.
• U Microfinance Bank (Ubank) recorded 19% YoY revenue growth.

PTCL Group Highlights

The Competition Commission of Pakistan granted Phase-II approval for the proposed acquisition of Telenor Pakistan by PTCL, marking an important milestone in the consolidation of the telecom sector. This milestone strengthens PTCL Group’s position in the industry, further driving connectivity, expanding digital access, and contributing to the Government’s vision of a digitally empowered Pakistan.
PTCL Flash Fiber continued to lead the market as the fastest-growing fiber broadband operator, achieving year-on-year growth of around 30% and maintaining the highest subscriber market share at 35%. The company also introduced the Tez Raftaar offer, providing high-speed internet at a discounted rate to enhance access for homes and businesses nationwide.

PTCL’s business services segment maintained its leadership position across IP bandwidth, Cloud, Data Center, and ICT solutions, further strengthening Pakistan’s position as a regional connectivity hub.
During Q3 2025, PTCL sealed a landmark Trans-Pakistan connectivity agreement with leading Chinese operators, strengthening east-west digital trade routes. In addition, PTCL also achieved a major milestone by executing wet segment capacity sales from Singapore to Marseille through submarine cable partnerships, underscoring Pakistan’s growing role in global digital infrastructure.
The Enterprise business expanded into new verticals such as FinTech, securing significant wins. Trakker and IoT solutions gained momentum, while major M2M deals were closed with government customers.
PTCL experienced strong growth in IP bandwidth and managed capacity penetration within the Wholesale segment, boosting the adoption of emerging digital services such as Content Delivery Networks. Strategic partnerships were formed with major CMOs for IP bandwidth and satellite-based connectivity across Pakistan, particularly in AJK and GB, including a landmark alliance with a leading satellite provider to expand broadband access nationwide.

PTCL has delivered Pakistan’s first 5G-ready smart residential community, combining seamless connectivity with modern living to enable future-ready digital lifestyles. This milestone showcases PTCL’s ability to adapt global technologies for transformative customer experiences and advance the Digital Pakistan vision. Significant projects were also secured with leading financial institutions and public sector clients in ICT and core services.

As part of its innovation journey, PTCL became the first in the industry to launch automated bill delivery via WhatsApp, enabling customers to receive their monthly bills directly and conveniently.

The Company also partnered with Mercantile, Apple’s authorised distributor in Pakistan, to launch the iPhone 17 series bundled with exclusive offers on Ufone and PTCL Flash Fiber services in Karachi, Lahore, and Islamabad. The partnership offers official, warranty-backed devices with extended warranties, instant insurance coverage, and bundled telecom benefits, providing customers with premium connectivity and an enhanced digital experience in line with PTCL Group’s commitment to delivering modern and reliable services.

Ufone sustained its growth trajectory, achieving a 5.9 percentage-point increase in 4G base penetration to reach 69.2% in September 2025. The company also advanced its network modernisation by phasing out 44% of its 3G network and reallocating spectrum resources to strengthen 4G and VoLTE performance.
The Group’s digital and financial services portfolio delivered strong momentum. UPaisa recorded 1.2 million monthly active users, reflecting approximately 153% year-on-year growth, while the My Ufone app reached 5.4 million monthly active users, up 65%. Ufone also maintained its leadership in digital recharge penetration.
Building on our success at the Pakistan Digital Awards and Effie Pakistan, PTCL Group has added another milestone by winning four prestigious honours at the Dragons of Pakistan 2025 Awards. The Group earned a Gold Award for ‘Dil Se’ initiative: Thar Water Plants, a Bronze Award for ‘Data Bohhaaat Hai x PSL’, and two Black Awards for ‘Hockey Hai Pakistan Ki Shaan’ and ‘Data Bohhaaat Hai Weekly Grand Offer’. These campaigns celebrated Pakistan’s spirit, creative excellence and consistent focus on meaningful communication that connects with audiences across Pakistan. Each initiative reflects the purpose and passion that continue to guide PTCL Group’s work.

Social Impact: ‘Dil Se’ Initiatives Making a Difference

Under its flagship social impact platform ‘Dil Se’, PTCL Group continues to drive meaningful change by forging strategic partnerships and delivering community-focused programs that promote socioeconomic inclusion, empowerment, and connectivity nationwide.

Following the success of the first phase of the ‘Ba-Ikhtiar’ program, PTCL Group renewed its partnership with the Pakistan Poverty Alleviation Fund (PPAF) to launch the second phase of the initiative for the economic and digital integration of small-scale women entrepreneurs. The Group has initiated a nationwide registration drive for the expanded program. The rollout will begin with the Christian community in Rawalpindi and the Kalash community in Chitral KP, before expanding to 23 cities across Pakistan to support women entrepreneurs through digital and financial enablement.

PTCL Group is further expanding its partnership with PPAF to address other vital aspects of community well-being. The institutions have signed another MoU to provide access to clean drinking water in underserved regions of Thar and South Punjab through solutions such as reverse osmosis systems, rainwater harvesting plants, and hand pumps, which will benefit over 200,000 people.

Additionally, PTCL Group demonstrated operational resilience following the recent floods that affected several regions of Pakistan. Ufone 4G provided free call minutes in the most impacted districts to help people contact emergency services and their families, while PTCL extended bill discounts on Fixed Broadband services to affected customers. These initiatives reflect the Group’s commitment to community welfare and its role as a trusted connectivity partner during times of crisis.

PTCL Group also introduced SUNO, an AI-powered early warning system developed in partnership with ConnectHear to support the deaf and hard-of-hearing community during emergencies and natural disasters. The system delivers sign language video alerts via Ufone’s WhatsApp platform, ensuring timely and accessible communication free of cost. This initiative represents PTCL Group’s ongoing effort to promote inclusion and public safety through technology.

Islamabad – January 22, 2025: PTCL Group, in collaboration with the Pakistan Poverty Alleviation Fund (PPAF), hosted an inspiring event to celebrate the remarkable achievements of women entrepreneurs empowered through the Ba-Ikhtiar Project under Group’s Social Impact platform ‘Dil Se’. The initiative is fostering financial independence and paving the way for sustainable growth of women entrepreneurs through building successful e-commerce stores. PTCL Group is committed to empowering these women by supporting them in registering their startup and providing mentorship until they can run their business independently.

Additionally, the program’s expansion to 20 districts under the Ba-Ikhtiar initiative aims to transform communities across Pakistan. This expansion will broaden the project’s scope to encompass diverse skill sets, including pottery, arts and crafts, food preservation, online tutoring, organic cosmetics, and more.
The event celebrated the resilience and determination of women entrepreneurs, who have successfully turned challenges into opportunities. His Excellency, Hamad Obaid Ibrahim Salem Alzaabi – Ambassador of the United Arab Emirates to Pakistan graced the event as chief guest. Corporate partners, development sector organizations, and academia were present at the event, along with prominent figures from the entertainment, fashion, sports, and industry sectors. Esteemed personalities such as Kubra Khan, Hareem Farooq, Sana Mir, Ali Xeeshan, and Naseem Hameed added a touch of glamour and prestige. Their support further highlighted the event’s significance, which was already brimming with inspiring stories of transformation, growth, and success.
The event also featured a thought-provoking panel discussion, bringing together renowned personalities from diverse fields, including Sania Saeed, Jehan Ara, Azima Dhanji and Zarene Asif, who shared key insights on global best practices in women empowerment, the role of technology in solving societal challenges, and the strategies needed for women to successfully navigate the entrepreneurial landscape.
The highlight of the day was Pakistan’s first-ever AI-powered fashion show, where the women entrepreneurs showcased clothing designs created in collaboration with artificial intelligence.

This innovative segment underscored the Ba-Ikhtiar Project’s commitment to leveraging cutting-edge technology to drive social change, reflecting how creativity and technology can unite to inspire new possibilities.

Speaking at the grand event, Hatem Bamatraf, President and Group CEO, PTCL & Ufone 4G, emphasized on the program’s broader significance, stating: “The Ba-Ikhtiar Project is more than just a program; it is a movement that empowers women to unlock their potential by providing them with the necessary resources and skills to succeed. Today, we celebrate not just their achievements but also the ripple effect of hope, resilience, and progress that they bring to their families, communities, and society at large.”
The CEO of PPAF, Nadir Gul Barech, further highlighted the critical role of partnerships: “When organizations unite under a shared vision, the impact can be truly transformative. Ba-Ikhtiar exemplifies how the private sector’s innovation and the development sector’s community insights can converge to create meaningful and sustainable change. This is the power of collaboration in action.”
The event also spotlighted inspirational success stories, including two participants, who represented Pakistan at Gitex Global 2024 in Dubai, one of the world’s largest tech events. Ms. Mariam Hussain shared how the Ba-Ikhtiar Project enabled her to showcase the entrepreneurial ventures on a global platform, demonstrating the transformative impact of empowerment and opportunity.
The Ba-Ikhtiar Project continues to stand as a beacon of empowerment. Through this initiative, participants have gained critical skills, including digital literacy, financial management, business development, and e-commerce. These tools have enabled them to build thriving businesses and fundamentally transform their lives.
The event reaffirmed the commitment of PTCL Group and PPAF, along with partners, National Rural Support Program (NRSP), U Microfinance Bank (U Bank) and Daraz to expanding the reach of the Ba-Ikhtiar Project, introducing additional skill-building initiatives, and creating broader opportunities for women across Pakistan. Both organizations envision a future where every woman has the tools, confidence, and support to thrive, fostering resilience and enabling communities to flourish.