Pakistan Telecommunication Company Limited (PTCL) has unveiled its financial results for the year ending December 31, 2024, showcasing remarkable performance.

PTCL Group achieved a notable 17% revenue growth in 2024, solidifying its status as Pakistan’s leading integrated telecom service provider.

PTCL Group Key Highlights:

• The Group posted a revenue of Rs. 219.7 billion, driven by growth in fixed broadband, mobile data, and business solutions.

• PTCL itself saw a 12% year-on-year revenue increase, maintaining its positive momentum.

• Ufone (PTML) reported a 25% year-on-year revenue growth.

• Ufone's cost optimization measures led to a strong EBIT of Rs. 4.6 billion.

• U Microfinance Bank received the Best Microfinance Bank award for Islamic Retail Banking Offerings at the 10th Islamic Retail Banking Awards (IRBA).

• PTCL announced the acquisition of Telenor Pakistan, pending regulatory approvals.

PTCL Achievements in 2024:

• PTCL's revenue reached Rs. 107.7 billion, marking a 12% increase from 2023.

• PTCL's Flash Fiber service dominated the market, capturing significant industry shares.

• The company reported an operating profit of Rs. 12.2 billion, reflecting a 55% growth over the previous year.

• The fixed broadband segment saw a 20% year-on-year growth, with Flash Fiber achieving an unprecedented 104% growth.

Innovative Services Launched:

• SHOQ TV Box: An Android TV-powered device transforming the viewing experience.

• Flash Eye: HD IP cameras for Flash Fiber customers.

• WhatsApp Bot: A self-service platform for customer complaints, billing, and more.

Business Solutions Highlights:

• PTCL expanded its Data Centers and Public Cloud platforms, delivering secure and scalable Multi-Cloud solutions.

• The company enhanced enterprise offerings, benefiting Government, Public, and Private Institutions, major Banks, startups, and system integrators.

Ufone 4G Highlights:

• Ufone 4G achieved a 25% year-on-year revenue growth, enhancing customer experience and digital engagement.

• Ufone surpassed the 26 million overall base and 17 million 4G base mark.

• Ufone introduced innovative value-added services, including Golootlo, Waada, Shoq, and UCloud.

• Key products launched in 2024 included data roaming offers and the Roam Like Home international service.

Digital Innovation and Achievements:

• PTCL Group's digital brand, ONIC, witnessed significant growth with a 3x increase in subscribers and a 7x revenue growth.

• PTCL Group's mobile financial services saw a 75% increase in transactions.

• PTCL & Ufone 4G introduced the 'UPTCL' digital application, integrating products and services on a single platform.

Awards and Recognitions:

• Ufone 4G won the ‘Best Mobile Innovation for Emerging Markets’ award at the GSMA Global Mobile (GLOMO) Awards.

• PTCL Group received the ‘Best Business Strategy and Expansion’ award at the Leadership & Excellence Awards in Digital Development (LEAD).

• Ufone x Zalmi’s Data Bohat Hai campaign received Black Dragon awards.

Social Impact Initiatives:

• PTCL Group launched ‘Dil Se,’ a social impact platform consolidating community service initiatives.

• The 'Ba-Ikhtiar' initiative empowered women entrepreneurs in Haripur with vocational training and digital tools.

• The 'Act of Kindness' campaign distributed free train tickets and Eid gifts, provided e-bikes to girls, and installed hand pumps in Umerkot, Thar.

PTCL Group partnered with ConnectHear on a project to support the deaf community during disasters, funded by GSMA. The initiative developed an AI-powered inclusive early warning system.

In collaboration with PRCS, PTCL Group installed a water pump in Gwadar and conducted an annual blood donation drive. The Group also supported education by distributing school bags and supplies to underprivileged students and joined forces with UNICEF and NEOC in a polio eradication campaign.

These impressive achievements highlight PTCL Group’s commitment to innovation, customer satisfaction, and social responsibility.
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