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Showing posts with label PTCL. Show all posts
Showing posts with label PTCL. Show all posts

Thursday, July 18, 2019

PTCL posts double digital growth in operating, net profits

PTCL posts double digital growth in operating, net profits

PTCL posts double digital growth in operating, net profits



Islamabad: Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the six months period ended June 30, 2019 at its Board of Directors’ meeting held in Islamabad on Wednesday.

Despite tough economic conditions, PTCL Group’s financial performance has shown marked improvement over comparative period. PTCL Group’s revenue for the half-year has grown year-on-year (YoY) by 9% to Rs66.3 billion as a result of an accelerated growth in the Ufone and Ubank revenues. Ufone revenue has increased double digits YoY, Ubank, a microfinance banking subsidiary of PTCL, has shown significant growth of 50% in its revenue over last year. PTCL Group’s operating profit and net profit for the half-year have improved by 20% and 10% respectively as a result of the revenue growth.

PTCL revenue of Rs. 35.8 billion for the half-year is marginally lower than last year (0.8%). PTCL’s flagship Fixed Broadband services posted revenue growth of 5%. PTCL continues its journey to upgrade top 100 exchanges under Network Transformation Project (NTP) in different parts of Pakistan. For the 76 exchanges fully transformed to date in 12 cities, YoY revenue growth is even higher at 13% and there is a 30% reduction in customer complaints.

Corporate & Wholesale business continued its growth momentum from a strong 2018 and has achieved double digits revenue growth. PTCL has entered into a strategic partnership with Zong for network expansion, through provision of PTCL’s VSAT services in remote and far-flung areas of Pakistan.

Wireless revenue for the period has declined on YoY basis due to strong competition by the cellular companies providing wireless data services. There is continued decline in domestic and international voice revenues due to continued conversion of subscribers to OTT, cellular services and illegal/grey traffic termination resulting in declining voice traffic volumes.

PTCL has posted a Net Profit after Tax, which is 3% higher than last year. Operating profit for the period remained under pressure compared to last year mainly due to increase in operating cost on account of significant hike in power tariffs and currency devaluation. However, non-operating income has increased due to higher income on investments as a result of increase in interest rates.



Friday, July 12, 2019

PTCL and LMKT-operated NIC Peshawar makes its Mark at Pakistan Startup Cup 2018-19

PTCL and LMKT-operated NIC Peshawar makes its Mark at Pakistan Startup Cup 2018-19

PTCL and LMKT-operated NIC Peshawar makes its Mark at Pakistan Startup Cup 2018-19







Pakistan Telecommunication Company Limited (PTCL) and LMKT (www.lmkt.com), a leading Pakistan-based technology services company, is pleased to announce that National Incubation Center Peshawar startups secured first and third positions in the Pakistan Startup Cup 2018-19, which is the nation’s biggest and most noteworthy startup competition. This is a major milestone for the LMKT- and PTCL-operated innovation platform, funded by Ignite (formerly known and ICT R&D Fund), in such a short span of time.

The Pakistan Startup Cup is organized by TiE Islamabad in Partnership with US State Department and Griffin Worx, USA (which was formerly known as Startup Cup LLC). Since its inception in 2013, the Cup has attracted the best startups from across the country.
 
Mr. Shafqat Mahmood, Federal Minister for Education and Professional Training and His Excellency Paul W. Jones, Ambassador of United States of America to Pakistan were the guests of honor at the prize distribution ceremony. They showed great interest in the pitches of both the startups and appreciated them for their innovation. Nano IT Solutions, which creates immersive virtual reality experiences, took the top prize of one million Pakistani Rupees, while Arpus Technology, a startup that manufactures electro-surgical units secured the 3rd spot.

This is the first time in the five-year history of the competition that KP-based startups have gained top positions. This is especially remarkable as this year the nation’s largest startup competition attracted over 2000 applicants. Approximately, 180 startups from Khyber Pakhtunkhwa participated in a series of workshops and pitches that were held in Islamabad, Lahore, Karachi, Peshawar, Quetta and Faisalabad. The startups went through various stages to further qualify during a rigorous 10-month period. The top 3 finalists from six cities presented their pitches to an esteemed panel of judges that comprised top entrepreneurs and business leaders from Pakistan.

On the occasion, Moqeem ul Haque, Chief Commercial Officer, PTCL, said, 
“We are proud of the winners of Pakistan Startup Cup, Nano IT Solution and Arpus Technologies, who have shown excellence and potential to stand out as the leading startups amongst the pool of talent available. We also congratulate NIC Peshawar, with whom we have collaborated to provide a platform for empowering young entrepreneurs.”
“Today is the proud moment for NIC Peshawar and LMKT along with all our partners including PTCL, who believed in providing an enabling platform to shape tomorrow’s business leaders”, 

said Murtaza Zaidi, Director, NIC Peshawar. He added, 

“This is the first time that two Peshawar-based startups secured top positions in a nation-wide competition, which is testimony to the hard work and dedication of all the stakeholders of NIC Peshawar.”

PTCL and LMKT will continue to provide support to startups and realizes the importance of innovation, creativity and initiative for successful transformation of the economic landscape of Pakistan.

Thursday, June 27, 2019

PTCL Launches its Flagship Summer Internship Program for 2019

PTCL Launches its Flagship Summer Internship Program for 2019

PTCL Launches its Flagship Summer Internship Program for 2019


PTCL has launched its flagship summer internship program for 2019 known as ‘Experia’, where candidates that went through On-Campus Assessment Center (conducted by PTCL) are selected.

Every applicant who goes through the assessment center also receives a Customized Individual Assessment Center Report, which helps them realize their strong and weak areas as a professional.
 
It also acts as a feedback tool for identifying their areas of improvement and future development. More than 600 applicants went through the rigorous process and 25 have been selected for this program.

During the internship duration, the Experians will be working on real-time business projects. They will also undergo a holistic learning program in various functions like Employee Health & Safety Initiatives, Corporate Social Responsibility Drives, Functional & Behavioral Competency Development, Organization Culture & Way of Work and Exposure to Leadership Teams.

On the occasion, Syed Mazhar Hussain, Chief Human Resource Officer, PTCL, said,

We are excited to welcome all the selected candidates who have made it this far. We look forward to provide them with a great learning experience at PTCL. I believe that the future of Pakistan depends on the grooming our young talent into future leaders. We have made concerted efforts as an organization to embrace change and open doors to the best talent available in the country. We have evolved steadily and transformed into a digitally savvy organization and are moving in the right direction.

Being a national company, PTCL believes in providing a diverse, progressive and enabling environment for the youth to develop their talent.




Tuesday, June 18, 2019

PTCL And LMKT-Operated NIC Peshawar Makes Its Mark At Pakistan Startup Cup 2018-19

PTCL And LMKT-Operated NIC Peshawar Makes Its Mark At Pakistan Startup Cup 2018-19

PTCL And LMKT-Operated NIC Peshawar Makes Its Mark At Pakistan Startup Cup 2018-19


Nano IT Solution and Arpus Technologies Secure Top Slots at Pakistan Startup Cup


 Pakistan Telecommunication Company Limited (PTCL) and LMKT (www.lmkt.com), a leading Pakistan-based technology services company, is pleased to announce that National Incubation Center Peshawar startups secured first and third positions in the Pakistan Startup Cup 2018-19, which is the nation’s biggest and most noteworthy startup competition. This is a major milestone for the LMKT- and PTCL-operated innovation platform, funded by Ignite (formerly known and ICT R&D Fund), in such a short span of time.

The Pakistan Startup Cup is organized by TiE Islamabad in Partnership with US State Department and Griffin Worx, USA (which was formerly known as Startup Cup LLC).  Since its inception in 2013, the Cup has attracted the best startups from across the country.

Mr. Shafqat Mahmood, Federal Minister for Education and Professional Training and His Excellency Paul W. Jones, Ambassador of United States of America to Pakistan were the guests of honor at the prize distribution ceremony. They showed great interest in the pitches of both the startups and appreciated them for their innovation. Nano IT Solutions, which creates immersive virtual reality experiences, took the top prize of one million Pakistani Rupees, while Arpus Technology, a startup that manufactures electro-surgical units secured the 3rd spot.

This is the first time in the five-year history of the competition that KP-based startups have gained top positions. This is especially remarkable as this year the nation’s largest startup competition attracted over 2000 applicants. Approximately, 180 startups from Khyber Pakhtunkhwa participated in a series of workshops and pitches that were held in Islamabad, Lahore, Karachi, Peshawar, Quetta and Faisalabad. The startups went through various stages to further qualify during a rigorous 10-month period. The top 3 finalists from six cities presented their pitches to an esteemed panel of judges that comprised top entrepreneurs and business leaders from Pakistan.

On the occasion, Moqeem ul Haque, Chief Commercial Officer, PTCL, said, “We are proud of the winners of Pakistan Startup Cup, Nano IT Solution and Arpus Technologies, who have shown excellence and potential to stand out as the leading startups amongst the pool of talent available. We also congratulate NIC Peshawar, with whom we have collaborated to provide a platform for empowering young entrepreneurs.”

“Today is the proud moment for NIC Peshawar and LMKT along with all our partners including PTCL, who believed in providing an enabling platform to shape tomorrow’s business leaders”, said Murtaza Zaidi, Director, NIC Peshawar. He added, “This is the first time that two Peshawar-based startups secured top positions in a nation-wide competition, which is testimony to the hard work and dedication of all the stakeholders of NIC Peshawar.”

PTCL and LMKT will continue to provide support to startups and realizes the importance of innovation, creativity and initiative for successful transformation of the economic landscape of Pakistan.




Tuesday, June 4, 2019

PTCL Continues The Tradition of Community Iftaars Across Pakistan

PTCL Continues The Tradition of Community Iftaars Across Pakistan

PTCL Continues The Tradition of Community Iftaars Across Pakistan


PTCL’s Razakaar, an in-house volunteer force, achieved yet another milestone of hosting open-air Iftaars, whereby the company was able to reach out to approximately 10,000 beneficiaries across the nation. The company hosted special Iftaars for deserving communities across the country in the second Ashra of Ramazan.



Razakaars made the effort to personally reach out to the most deserving individuals, hence living up to the true spirit of the month. Special arrangements were made at mosques, hospitals and open spaces for labor communities.
 
The initiative encouraged PTCL employees and their families to become a part of the volunteer program providing a platform within the company to be able to give to the underserved society and serve communities they reside in.

In Islamabad and Rawalpindi, elaborate Iftaar spreads were laid out at the Shah Faisal Mosque, Islamabad, along with distribution of lunchboxes by mobile vans in the twin cities. The Razakaars also made Iftaar arrangements at notable mosques in Peshawar and Abbottabad.

Efforts were made in different cities, i.e. DI Khan, Lahore, Multan and Bahawalpur for serving Iftaars to patients and attendants at various local hospitals. Furthermore, PTCL also made concerted efforts and reached out to the farthest corners of the country such as Khairpur, Thar and the brick-worker community at Thera Meel Dasht, Balochistan.

Syed Mazhar Hussain, Chief Human Resource Officer, PTCL, appreciated the efforts of the volunteer force and said:-
We are very proud of our PTCL Razakaar force that continues to support communities and spread joy by demonstrating true spirit in the holy month of Ramazan. Being a national company, we have a presence from the smallest town in rural areas to the largest metropolitan cities across the country. PTCL is humbled to contribute to society and will continue its humanitarian activities with the same zeal and fervor across Pakistan.

Being a socially responsible organization, PTCL promotes the fostering of societal development and encourages employee volunteerism. The Razakaar Program has emerged as an integral part of the company’s CSR initiatives that include many activities covering Health, Education, Youth Development, Inclusion, Environment, and Disaster Response. PTCL has a history and legacy to serve the nation since its inception.




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