PTCL appoints Mohammad Nadeem Khan as interim CEO for 14 days

ISLAMABAD – Pakistan Telecommunication Company Limited (PTCL) on Thursday appointed Mohammad Nadeem Khan as its interim Chief Executive Officer (CEO) for a period of 14 days, effective July 2, the company announced in a notification submitted to the Pakistan Stock Exchange (PSX). Khan succeeds Hatem Mohamed Bamatraf, who has stepped down as the company’s chief executive. Currently serving as the Group Chief Financial Officer (GCFO) of the PTCL Group, which includes PTCL and Ufone 4G, Khan brings nearly 30 years of professional experience to the role. He has been associated with the PTCL Group for the past two decades and has played a key role in the company’s financial management and business growth. In addition to his responsibilities at PTCL, Khan serves on the Board of Directors of U Microfinance Bank Limited. In 2023, the Institute of Chartered Accountants of Pakistan (ICAP) appointed him to its Accounting Standards Board for a four-year term, where he contributes to the development and implementation of accounting standards and international financial reporting practices in Pakistan. The company did not disclose the reason behind the temporary appointment or announce a permanent successor in its filing with the stock exchange. PTCL, incorporated on December 31, 1995, commenced commercial operations on January 1, 1996. Over the years, it has remained one of Pakistan’s leading telecommunications providers, operating an extensive nationwide network that delivers fixed-line, broadband, digital and international communication services. The appointment comes as PTCL continues to expand its telecommunications and digital services portfolio amid growing demand for connectivity and technological innovation across Pakistan. Anthropic’s advanced AI model Claude Fable 5 is back now