Pakistan Telecommunication Company Limited (PTCL) held its 18th Annual General Meeting (AGM) in Islamabad to apprise the company shareholders about various ongoing activities, results and achievements of the past financial year as well as discussing areas of improvement for future growth of the company.
In his opening remarks Mr. Shahid Rashid, Chairman PTCL Board informed the shareholders that the company has taken significant steps to synergize PTCL’s Group resources and initiated various processes to enhance profitability which has resulted in strong financial performance during the period of past six months as compared to the same period of last year.
“In order to meet our customers’ expectations and their appetite for latest services; we are focused to utilize our core competencies to capture the opportunities that shall result in further growth and development of company’s business. The company has expanded its broadband market share and its revenues have witnessed a remarkable growth during the last six months. The subscriber base of wireless broadband product range ‘EVO’ has increased as well as the revenue from corporate services”, said Mr. Shahid Rashid.
President and CEO PTCL, Walid Irshaid while assuring the shareholders stated, “At PTCL, we are putting conscientious efforts to drive diverse business avenues and maximize our shareholders’ value in the long term by innovation and superior customer experience.”
The shareholders were informed that during the period under review, PTCL won the prestigious ‘3rd Global HR Excellence Award 2012’ for its outstanding achievements and organizational performance in HR. PTCL was also recognized by the South Asian Federation of Accountants (SAFA) for Transparency, Accountability & Governance in its Annual Report.
The shareholders unanimously approved all the agenda items of the meeting. In the end, Chairman PTCL Board, Shahid Rashid thanked all the shareholders for their continuous support.