PTCL Decided to Monetize Its 12 Non-Core Assets for Improving Financial Agility

  

 Pakistan Telecommunication Company Limited (PTCL) has made the strategic decision to divest itself of twelve excess real estate assets located in nine different cities. This move is a part of PTCL's ambitious plans for extending its network and information and communication technology (ICT) framework.

All necessary approvals have been considered for the arranged sale of these properties, which are situated in Attock, Bahawalpur, Faisalabad, Gujranwala, Kasur, Multan, Okara, Sadiqabad, and Sialkot.

PTCL, operating as a responsible corporate element, is steady in its commitment to sticking to the applicable company policies and legal frameworks throughout all of its business tasks. The expected property transactions will be conducted through a transparent auction process that lines up with established rules and regulations, ensuring that every interested individual or firm has an equal opportunity to acquire these assets.

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The proceeds generated from these property sales will be earmarked for the expansion of PTCL's network and IT infrastructure. These liquid assets will play a crucial role in financing forthcoming projects aimed at providing improved connectivity and integrated ICT services to an even broader audience of both consumers and businesses across the nation.

PTCL remains dedicated to its mission of delivering seamless connectivity solutions that effectively address the evolving requirements of Pakistan's digital landscape.