PAKISTAN
Pakistan Telecommunication Company Limited (PTCL) has initiated the process of verifying pensioners’ data in light of a recent Supreme Court decision that affirmed the company’s financial responsibility for government-mandated pension increases.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX), the Supreme Court of Pakistan on July 10, 2025, dismissed PTCL’s review petition related to pensionary benefits. The apex court ruled that the government’s pension increases are admissible for PTCL retirees to the same extent as civil servants, reinforcing the company’s obligation to reflect this liability in its financial records.
PTCL stated that it is now working to verify the pensioners’ data and, once completed, will collaborate with the Pakistan Telecommunication Employees Trust (PTET) to determine the exact financial contribution required. The process has been described as “complex and time-consuming,” with any resulting financial impact to be appropriately reflected in the company’s financial statements upon finalization.
The company has assured stakeholders that the information has been disclosed in accordance with applicable laws under the PSX Rule Book and the Securities Act of 2015.
Zahida Awan, who signed the official notice, emphasized transparency and full compliance with the regulatory framework in handling this financial obligation. – ENGINEERING REVIEW
