Pakistan Telecommunication : Transmission of Annual Report for the Year ended December 31, 2023

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ANNUAL

REPORT

PAKISTAN TELECOMMUNICATION COMPANY LIMITED

ANNUAL REPORT 2023

CONTENTS

COMPANY

REVIEW

	Corporate Vision, Mission & Core Values	04 - 05
	Board of Directors	06 - 07
	Corporate Information	08 - 09
	The Management Team	10 - 11
	Operating & Financial Highlights	12 - 17
	Chairman's Review	20 - 23
	President & Group CEO's Message	24 - 27
	Directors' Report	30- 63
		65
	Composition of Board's Sub-committees	68 - 69
	Attendance of PTCL Board Members	68 - 69
	Statement of Compliance with CCG	72 - 74
	Auditors' Review Report to the Members	75

FINANCIAL

STATEMENTS

Auditors' Report to the Members	81-87
Statement of Financial Position	88-89
Statement of Profit or Loss	90
Statement of Comprehensive Income	91
Statement of Cash Flows	92
Statement of Changes in Equity	93
Notes to and Forming Part of the Financial Statements	94-151

CONSOLIDATED FINANCIAL STATEMENTS

Auditors' Report to the Members	155-161
Consolidated Statement of Financial Position	162-163
Consolidated Statement of Profit or Loss	164
Consolidated Statement of Comprehensive Income	165
Consolidated Statement of Cash Flows	166
Consolidated Statement of Changes in Equity	167
Notes to and Forming Part of the Consolidated Financial Statements	168-257

ANNEXES

Pattern of Shareholding	261-266
Notice of 29th Annual General Meeting	267-270
Form of Proxy English	271
Form of Proxy Urdu	273

VISION

To be the leading and most admired telecom and ICT provider in and for Pakistan

MISSION

To be the partner of choice for our customers, to develop our people and to deliver value to our shareholders

CORE

VALUES

We care | We put customers first |

We work as one team | We embrace change

ANNUAL REPORT 2023

Board of Directors

06

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ANNUAL REPORT 2023

CORPORATE INFORMATION

Management

Mr. Hatem Mohamed Bamatraf

President and Group Chief Executive Officer

Mr. Mohammad Nadeem Khan

Group Chief Financial Officer

Mr. Muhammad Shoaib Baig

Group Chief People Officer

Mr. Naveed Khalid Butt

Group Chief Regulatory Officer

Ms. Zahida Awan

Group Chief Legal Officer & Company Secretary

Mr. Jafar Khalid

Group Chief Technology & Information Officer

Mr. Ahmad Kamal

Group Chief Customer Care Officer

Mr. Zarrar Hasham Khan

Group Chief Business Solutions Officer

Mr. Muhammad Shehzad Yousuf

Chief Business Operations Officer

Mr. Shahid Abbas

Group Chief Internal Auditor

Syed Atif Raza

Group Chief Marketing Officer

Mr. Nauman Fakhar

Chief Retail Sales Officer

Syed Mazhar Hussain

Advisor to President and Group CEO

Legal Advisor & Company Secretary

Zahida Awan

Group Chief Legal Officer & Company Secretary

Bankers

Conventional

Allied Bank Limited

Askari Bank Limited

Apna Microfinance Bank

Bank Alfalah Limited

Bank Al Habib Limited

Citibank N.A.

Deutsche Bank A.G.

Faysal Bank Limited

First Women Bank Limited

FINCA Microfinance Bank

Habib Bank Limited

Habib Metropolitan Bank Limited

HBL Microfinance Bank

JS Bank Limited

Khushhali Microfinance Bank

MCB Bank Limited

National Bank of Pakistan

NRSP Microfinance Bank

S.M.E. Bank Limited

Samba Bank Limited

Silk Bank Limited

Sindh Bank Limited

Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited

Summit Bank Limited

The Bank of Khyber

The Bank of Punjab

The Punjab Provincial Cooperative Bank Limited

United Bank Limited

Zarai Taraqiati Bank Limited

Mobilink Microfinance Bank Limited

Telenor Microfinance Bank Limited

U Microfinance Bank Limited

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