Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its consolidated financial results for the quarter ended March 31, 2026. PTCL Group sustained strong growth momentum, further strengthening its position as Pakistan’s leading integrated telecom and ICT services provider.

During the period, Pakistan Telecommunication Authority (PTA) has formally approved the proposed amalgamation of Pak Telecom Mobile Limited and Telenor Pakistan (Private) Limited. The proposed amalgamation shall be implemented through a scheme of arrangement in accordance with applicable laws. The change of control of Telenor Pakistan was formally completed on December 31, 2025, bringing Telenor Pakistan and its infrastructure under PTCL’s full ownership. Building on this, PTCL progressed integration planning during Q1 2026. This consolidation is set to create a stronger, more efficient telecom platform with enhanced nationwide coverage, improved service quality, and a significantly expanded customer base, positioning PTCL as one of the leading players in Pakistan’s evolving digital and connectivity landscape. Effective 1st January 2026, financial results of Telenor Pakistan have been consolidated in PTCL Group.

Financial Highlights 

PTCL Group

• Consolidated revenue increased by 58% year-on-year, with the inclusion of Telenor Pakistan results into the PTCL Group and aided by sustained growth in fixed broadband, enterprise, wholesale, and mobile services.

• Consolidated operating profit surged by 564% with the inclusion of Telenor Pakistan, strong recovery of Ubank, sustained improvement of Ufone financial performance and continuation of PTCL’s strong operating results. 

• The Group achieved a net profit of Rs. 3.1 billion, marking a turnaround from the net loss of Rs. 4 billion reported in the comparative period primarily as a result of strong operating profit.

Wireline segment

• PTCL revenue grew by 6.5% YoY, led by 27% growth in Flash Fiber and 11% growth in Business Solutions. Carrier and Wholesale business sustained growth momentum with 14% increase YOY.

• PTCL reported an operating profit of Rs. 4.6 billion, representing 11% growth, while net profit stood at Rs. 0.9 billion for the quarter.

Wireless segment

• Revenue increased by 131% year-on-year, by the inclusion of Telenor Pakistan results and growth in both retail and corporate segments.

• Operating profit of Rs. 14.1 billion, reflects an increase of 190% year-on-year with the inclusion of Telenor Pakistan and sustained improvement of Ufone financial performance. 

• Net profit of Rs. 2.7 billion against a net loss of Rs. 1.3 billion in a comparable period is due to strong operating results and consolidation of Telenor Pakistan.

Banking segment

• Ubank posted revenue of Rs. 5.8 billion, while its bottom line improved significantly compared to the prior period marking a strong recovery in banking operations.

Operational Highlights

As part of its transformation journey, PTCL Group achieved a major milestone in Q1 2026 by securing a significant share of spectrum in Pakistan’s landmark 5G auction, positioning it at the forefront of next-generation connectivity. The acquisition of high-capacity spectrum in globally recognized 3.5 GHz and 2.6 GHz bands enables PTCL Group to deliver ultra-fast speeds, low latency, and advanced digital services across consumer and enterprise segments. Importantly, this spectrum will be leveraged across the combined Ufone and Telenor Pakistan footprint following their ongoing integration, creating the largest spectrum portfolio in the country serving more than 72 Million customers. This positions PTCL Group to accelerate nationwide 5G rollout, enhance network efficiency, and unlock new digital use cases across industries, reinforcing its leadership in enabling Pakistan’s digital future.

PTCL introduced an enhanced Flash Fiber portfolio in Q1, with entry-level speeds starting from 30 Mbps. This move underscores a strategic focus on elevating baseline broadband experience standards, aligning customer offerings with evolving digital consumption needs. 

PTCL Group maintained a strong performance in Q1 2026 as it continued to strengthen brand visibility and audience engagement through strategic campaigns aligned with culture, community, and consumer relevance. On World Education Day, PTCL launched a purpose-led campaign with Shehzad Roy to highlight the pressure often placed on children in the name of academic success, encouraging a more balanced and empathetic approach to learning through a national pledge initiative.

The Business Solutions segment sustained strong performance, with continued demand for ICT services, including cloud, data centers, managed services, and cybersecurity solutions. PTCL further strengthened its position as a trusted partner for government and enterprise customers.

Ufone also rolled out the Super 5 campaign, featuring Babar Azam, to reinforce its “Data Bohhaaat Hai” positioning through a shared connectivity proposition designed for up to five users. The campaign delivered strong traction, generating more than 91 million impressions, 15 million reach, and 10 million views. Ufone further strengthened its brand presence during the Pakistan Super League through its Peshawar Zalmi campaign, using anthem-led content, branded integrations, and fan engagement experiences to deepen cultural relevance and consumer affinity.

In Q1, 2026, Ufone continued its positive trajectory as market leader in digital recharge penetration with growth of 11% YoY in the digitally topped up value. Digital sim sales also registered a significant growth of 21% YoY. Both of these achievements were supported by company owned digital channels ‘selfcare app’, ‘website’ & ‘bot’ as well as with the collaboration of Ufone’s wide digital partner network.

Upaisa’s posted a solid 42% year on year growth, driven by effective customer acquisition and deeper wallet penetration.

Telenor Pakistan’s Retail revenue grew on the back of ARPU growth and increased customer engagement on larger data bundles with higher validity. During Q1, the Subscriber base grew by 1.7% with a high emphasis on good quality, data active customers. Focus on new customer segment through Gaming SIM, helped increase and retain high value customers.

Digitization remained a key focus area, with My Telenor App penetration continuing to rise steadily. A major redesign of the app user interface was delivered for improved customer experience, contributing to an 18% YoY increase in app user base. In parallel, multiple initiatives on digital distribution continued resulting in 34% YoY increase in digital recharge. Expansion of digitalization on Customer Care was supported with launch of the Whatsapp Chat Channel which helped improve digital customer experience and complaint resolution.

Telenor Pakistan successfully executed world’s largest single-go migration of entire provisioned customer base to a cloud based, 5G-enabled Charging and Billing System, unlocking 100+ APIs for a faster & more scalable digital foundation. AI Adoption remained a cornerstone of our strategy by showcasing AI‑enabled startups at Indus AI Week 2026 and launching AI Seekho in collaboration with Google and public‑sector partners to democratize AI learning nationwide.

Social Impact

During the quarter, PTCL advanced its social impact agenda through multiple initiatives focused on inclusion, public health, and basic needs. Under the Ba-Ikhtiar program, trainings were initiated across 22 districts, onboarding around 2,100 women for digital and entrepreneurial skill development. 

In collaboration with UNICEF, SMS broadcasts were deployed for polio awareness, while similar outreach support was extended to charitable organisations during Ramadan in line with their awareness and humanitarian campaigns. Alongside these efforts, PTCL’s Water Project remains under implementation across South Punjab and Thar, aimed at providing sustainable access to clean drinking water to approximately 150,000 people in water-stressed regions.

Telenor Pakistan partnered with UNICEF Pakistan to conduct Child Online Protection sessions. Strategic partnership with Four Brothers Group, is bringing digital advisory services to the agricultural community for sustainable farming. An industry‑first QR‑enabled SmartShop initiative is converting retail outlets into digital service points. Telenor Pakistan’s Global recognition at the GDEIB Awards 2026 and the HR Metrics DEI Survey, affirm Telenor Pakistan’s serving as a benchmark for inclusive, future-ready workplaces.

Pakistan Telecommunication Company Limited (PTCL) has signed a strategic partnership agreement with Indus Cloud, part of the Master Group, to introduce advanced cloud solutions powered by Huawei Cloud in Pakistan.

The partnership marks a significant step in PTCL’s ongoing efforts to strengthen its cloud and data center portfolio and expand access to enterprise-grade digital infrastructure in the country. By combining PTCL’s nationwide infrastructure and enterprise reach with Indus Cloud’s platform capabilities, the collaboration will make Huawei Cloud stack services more accessible to enterprise and government customers, enabling secure, scalable, and locally hosted solutions tailored to evolving business needs.

The partnership agreement was signed by Asif Ahmad, Chief Business Solutions Officer, PTCL & Ufone 5G, and Rumman Arshad Dar, Chief Investment and Information Officer, Indus Cloud Limited. Also present at the signing ceremony were Muhammad Sharukh Malik, Director Product Management Cloud & Digital, B2B Strategy & Product Management, PTCL & Ufone 5G, and Syeda Amina Ahmed, Head of Enterprise Business, Indus Cloud Limited.

Speaking on the occasion, Asif Ahmad said, “As organisations across Pakistan accelerate their digital transformation, the need for secure, scalable and locally hosted cloud infrastructure has become mission-critical. At PTCL, we are building the country’s most comprehensive digital infrastructure ecosystem, combining connectivity, data centers and cloud to enable this transition at scale. Through this partnership, we are further strengthening our cloud portfolio by bringing Huawei Cloud stack capabilities to Pakistan, empowering enterprises and government institutions with globally benchmarked solutions delivered with local reliability, compliance and support.”

Rumman Arshad Dar, Chief Investment and Information Officer, Indus Cloud Limited, said, “PTCL’s nationwide reach provides a strong foundation to extend Huawei Cloud stack capabilities to organisations seeking robust and locally compliant cloud solutions. We look forward to building on this partnership and supporting customers with infrastructure that meets evolving market requirements.”

The partnership adds further depth to PTCL’s cloud portfolio and reflects a shared focus on strengthening local access to enterprise-grade cloud infrastructure in Pakistan.

Pakistan Telecommunication Company Limited (PTCL) and LOLC Microfinance Bank have signed an agreement to provide comprehensive cloud services through PTCL Smart Cloud. The partnership will leverage PTCL’s advanced infrastructure and platform solutions to provide LOLC with scalable, secure technology to support its growing microfinance operations across Pakistan.

Farooq Rashid, Chief Executive Officer, LOLC Microfinance Bank, and Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G, signed the agreement at a ceremony in Islamabad. The signing was witnessed by senior executives from LOLC Microfinance Bank, including Ilsam Awfer, Chief Operating Officer, Nizar Ali Momnani, Chief Commercial Officer, and Faraz Basheer, Head of IT, along with PTCL & Ufone 4G executives Haseeb Hashmi, Group Director Enterprise Solutions, and Syed Imran Ali Bukhari, Group Vice President Strategy and Product Management.

On the occasion, Farooq Rashid, Chief Executive Officer, LOLC Microfinance Bank, said, “We are pleased to sign this agreement with PTCL as our trusted partner for infrastructure as a Service at PTCL Smart Cloud. This partnership signifies a transformative step forward in the Microfinance Bank’s approach to infrastructure, platforms, and data management. By leveraging PTCL’s data center and telecommunications expertise, LOLC aims to achieve an enhanced and reliable operating leverage and reduced time-to-market of products and services.”

During the signing ceremony, Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G, said, “We are pleased to sign an agreement with LOLC Micro Finance Bank to support them in fulfilling their business needs. PTCL, being a national company, is leading the digitalisation effort across the country. Through such partnerships, PTCL continues to play its key role in the development of telecom infrastructure by providing innovative and secure solutions to the corporate sector that will further contribute towards the overall economic growth of the country.”

PTCL endeavours to provide best-in-class services to its corporate customers across various industries in Pakistan. This agreement is part of the growth momentum across diverse areas of ICT and Security Solutions, which is key to Pakistan’s digital banking ecosystem. 

Islamabad, Jun 30, 2025 – Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of SD-WAN (Software-Defined Wide Area Network) at 330 branches of Sindh Bank. SD-WAN is a smart way for businesses to manage internet and network connections across different locations. It helps make data travel faster, more securely, and at lower cost by using software instead of just hardware.
Syed Assad Ali Shah, Deputy CEO, Sindh Bank and Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G signed the agreement in the presence of Muhammad Anwaar Sheikh, President & CEO, Sindh Bank at a special ceremony recently held at Sindh Bank Head Office in Karachi. Also, present at the ceremony were Basharat Qureshi Group VP Enterprise, Sayyed Imran Bukhari, Group VP B2B Strategy, Umar Farooqi, Group Director Enterprise PTCL, Adnan Siddiqui, CIO Sindh Bank, Dilshad Hussian, CFO Sindh Bank and Syed Zeeshan ul Haq, Head Infrastructure Sindh Bank, were also present on the occasion, along with other senior officials.
PTCL is providing Sindh Bank with its state-of-the-art infrastructure and platform solutions that are equipped with latest technology & managed security.
During the signing ceremony, Asif Ahmed, Group Chief Business Solutions Officer PTCL & Ufone 4G said, “We are pleased to sign an agreement with Sindh Bank to support them in fulfilling their business needs. PTCL, being a national company, is leading the digitalization effort across the country. Through such partnerships, PTCL continues to play its key role in the development of telecom infrastructure by providing innovative and secure solutions to the corporate sector that will further contribute towards the overall economic growth of the country.”
On the occasion, Muhammad Anwaar Sheikh, President & CEO Sindh Bank, said, “We are pleased to sign this agreement with PTCL as our trusted partner for infrastructure platform solutions as a part of the Bank’s focus on adopting state-of-the-art and secure technology solutions for connectivity and digitalization. This partnership signifies a transformative step forward in the Bank’s approach to infrastructure, platforms and data management. By leveraging PTCL’s advanced infrastructure and telecommunications expertise, Sindh Bank aims to achieve an enhanced operating leverage, a stronger security and data protection posture, and reduced time-to-market of products and services as the Bank continues on its journey to offer a digitally enabled financial lifestyle for its customers and partners.”
PTCL and Sindh Bank place highest level commitment to provide best-in-class services to their customers across various industries in Pakistan. This agreement is part of the growth momentum in the diverse areas of ICT and Security Solutions, which is key to a digital banking eco-system in Pakistan.

Mercantile is proud to bring authentic, PTA-approved Apple products to Pakistan, backed by a 2-year warranty exclusively for our Pakistani customers. Through our collaboration with PTCL Group, we’re also offering added peace of mind with accidental coverage and theft insurance of up to Rs. 400,000. We’re delighted to partner with PTCL Group to make Apple products more accessible for their customers.

The offer includes dedicated bundles for PTCL and Ufone 4G users. Ufone 4G customers will get a free eSIM with 200 GB of data, 1,000 off-net, and 10,000 on-net minutes per month for six months, translating into savings of PKR 2,000 monthly. PTCL broadband users can access 50 Mbps internet at the price of 30 Mbps, saving PKR 3,100 per month for a full year.

To mark the launch, the first 100 buyers will receive complimentary Apple chargers. All customers will be entered into a lucky draw to win AirPods. Devices will be available online and through selected PTCL Joint Shops in Lahore, Islamabad, and Karachi, with both delivery and in-store pickup options. The offer is open to all existing and new users of PTCL, Ufone 4G, and UPaisa.

Mercantile Pacific, a global leader in device lifecycle management with operations in more than 50 countries, brings extensive expertise to this collaboration. The rollout of iPhone 16 models marks the beginning, with additional variants to follow.

This initiative further strengthens PTCL Group’s position as a leading technology company driving digital innovation, customer convenience, and inclusive connectivity across Pakistan.