PTCL appoints Nadeem Khan as chief executive for 14 days

Pakistan Telecommunication Company Limited (PTCL), the largest telecom services provider in the country, has appointed Mohammad Nadeem Khan as its chief executive for a temporary period of 14 days. The telecom disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. PTCL informed the bourse that Mohammad Nadeem Khan has been appointed chief executive, effective July 2, 2026, replacing Hatem Mohamed Bamatraf. The filing stated that the appointment is effective for a period of fourteen (14) days. Nadeem Khan is the Group Chief Financial Officer (GCFO) for PTCL Group, including PTCL and Ufone 4G. He is a recognised business leader with nearly three decades of professional experience. Khan has been associated with the PTCL Group for 20 years, where he played a crucial role in the company’s growth as a telecommunications provider in Pakistan. He also serves as a member of the Board of Directors of U Microfinance Bank Limited. In May 2023, Nadeem Khan was nominated as a member of the Institute of Chartered Accountants of Pakistan (ICAP) on its prestigious Accounting Standards Board (ASB) for a four-year term. This board is responsible for overseeing the adoption, development, and implementation of accounting standards in Pakistan and recommending new International Financial Reporting Standards (IFRS). 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. In January 2026, Pakistan Deputy Prime Minister and Foreign Minister Ishaq Dar travelled to Dubai to meet with the management of Etisalat, seeking to resolve the long-standing dispute. Pakistan sought a prompt settlement of the unresolved issue. In April 2026, Transparency International Pakistan (TIP) urged the Adviser to the Prime Minister on Privatisation, Muhammad Ali, to direct the Pakistan Telecommunication Authority (PTA) to recover outstanding dues from Etisalat.

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