PTCL appoints Mohammad Nadeem Khan as chief executive
- Appointment comes following Nadeem Khan’s completion of 14 days as interim CEO
PTCL has appointed Mohammad Nadeem Khan as its new CEO, succeeding Hatem Bamatraf. Khan, a long-time Group CFO, takes the helm amidst ongoing disputes related to the company's 2006 privatization.
- Mohammad Nadeem Khan's appointment as CEO.
- His extensive experience within the PTCL Group.
- The ongoing $799 million privatization dispute with Etisalat.
Pakistan Telecommunication Company Limited (PTCL), the largest telecom services provider in the country, has appointed Mohammad Nadeem Khan as its chief executive officer (CEO).
The appointment comes following Nadeem Khan’s completion of 14 days as interim CEO. The listed telecom disclosed this in a notice to the Pakistan Stock Exchange (PSX) on Tuesday.
Khan is a Chartered Accountant with over two decades of association with the PTCL Group. He joined Ufone as Chief Financial Officer in 2003, a role he held for a decade.
He was appointed at PTCL and Ufone in 2017 as Group Chief Financial Officer, going on to oversee the company’s financial strategy through a period of major transformation, including the Telenor Pakistan acquisition.
Khan also sits on the Board of U Microfinance Bank. He is a member of Institute of Chartered Accountants of Pakistan and Institute of Chartered Accountants of England & Wales, and currently serves as a Member of the Accounting Standards Board of the Institute of Chartered Accountants of Pakistan.
“In this role, Nadeem will lead PTCL’s endeavors to expand and modernise its wireline network, with a strong focus on fiberisation and the rollout of next-generation digital services across the country and enhance the company’s leadership in the B2B segment. As Pakistan’s largest integrated ICT company, PTCL continues to invest in broadband, fiber infrastructure, data centers, and submarine cables to strengthen its position as the backbone of the country’s digital economy,” the company said in a separate statement.
The appointment comes after Hatem Bamatraf, serving as President and CEO of PTCL & Ufone for the past 5 years, stepped down from his role at PTCL to take on the position of CEO of Pak Telecom Mobile Limited (PTML).
PTCL’s consolidated revenue increased by 12% on year-on-year basis in 2025, driven by strong performance in fixed broadband, enterprise, wholesale and mobile services.
Consolidated operating profit grew by 216% year on year, underscoring strong operational performance. For the year, a net loss of Rs9.7 billion was recorded, primarily driven by accelerated expected credit loss (ECL) provisioning at Ubank following revisions to the Prudential Regulations.
Incorporated in Pakistan on December 31, 1995 and commenced business on 1 January 1996, PTCL owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan.
In 2006, Pakistan privatised the PTCL by selling a 26% stake and management control to Etisalat International Pakistan for $2.6 billion. While initially hailed as a landmark reform, the deal has been plagued by a prolonged dispute over the transfer of properties, with approximately $799 million still withheld by Etisalat.
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