Pakistan Telecommunication Company Limited (PTCL) has appointed Captain (retd) Muhammad Mahmood as chairman, the company informed the main bourse on Monday.
“We have to inform you that Mr. Hassan Nasir Jamy, chairman has/have ceased to be the chairman of the company w.e.f April 1, 2024, and Capt. Muhammad Mahmood (retd) has/have been appointed as chairman,” the filing stated.
The new PTCL chairman presently also holds the position of Additional Secretary (Incharge) Ministry of IT & Telecom.
PTCL also notified its updated list of active Board of Directors, including the chairman:
| Name | Designation | |
| 1 | Capt. (Retd.) Muhammad Mahmood | Chairman |
| 2 | Abdulrahim A. Al Nooryani | Director |
| 3 | Ahad Khan Cheema | Director |
| 4 | Imdad Ullah Bosal | Director |
| 5 | Jawad Paul Khawaja | Director |
| 6 | Mikhail Gerchuk | Director |
| 7 | Mohamed Karim Bennis | Director |
| 8 | Brooke Marie Lindsay | Director |
| 9 | Khalid Murshed | Director |
This comes just a week after the Competition Commission of Pakistan (CCP) said the pre-merger application for PTCL’s acquisition of Telenor Pakistan was still under review.
CCP had earlier requested more information on March 20, 2024, in order to complete its due diligence. The requisite information is still awaited from the PTCL lawyers.
The Commission has 30 working days to complete its due diligence after all the required information is submitted. The 30 working days timeframe for the first phase review will commence after PTCL lawyers submit the outstanding information requested by the Commission.
It is pertinent to mention that the CCP’s merger department is processing 21 applications at the moment. Acquisition of Telenor by PTCL is one of those applications.
Why you people don’t have any Civilian to work, there are many competent civilians, the retired are enjoying even after retirement, what a shame on this policy of favoritism and nepotism.
PTCL is private company government already has privatized it they have nothing to do with it PTCL is independent entity and can do what ever. Half of PTCL shares are of Dubai
Govt of Pakistan owns 62% shares of PTCL, 28% with Etisalat, rest with general public
Forget about civilians see the list above do u see someone who can make this company even good?
Ah shit, here we go again.
Aur loog mer gye thy jo 1 matric bandy ko chairman banaya….. laanat
Why every department Army people. Govt should appoint senior govt persons who has telecommunications expertise
What a BAD choice. He is accused of corruption in ring road scandal.
A man of captain rank retired initially injected in the civil government resulted a corruption case in ring road and now in the top slot of PTCL. What a shame for this government which always shows nepotism, violation of merit and favouring the co called establishment.