Sarandos will continue his role leading the content operations. Hastings said the two would each work full time as co-CEOs and that he had no plans to leave the company soon.
Telkom said the decision came after a "change in the US company's approach to the country".
The world's largest Muslim-majority country, with a youthful population of 270 million, is experiencing a boom in its digital economy, which is seen reaching $130 billion by 2025,
In order to match increased demand, Netflix has removed the highest bandwidth streams in Pakistan, as well as across Europe and UK. The decision has been taken in order to reduce traffic so that more users can avail the service.