Overview
- PTCL notified the Pakistan Stock Exchange on July 2, 2026 that Group Chief Financial Officer Mohammad Nadeem Khan will serve as interim chief executive for a fixed 14-day term.
- The company confirmed Hatem Mohamed Bamatraf has stepped down as PTCL CEO and the board did not name a permanent replacement in its filing.
- The formal notice to the bourse did not explain the cause of the change, leaving investors and stakeholders without an official rationale.
- Khan is a long-tenured PTCL executive with roughly 20 years at the group, nearly 30 years of professional experience, membership of the ICAP Accounting Standards Board, and roles on related boards, which supports continuity in financial and governance oversight.
- The appointment arrives against the backdrop of PTCL’s long-running privatisation dispute with Etisalat over property transfers and withheld funds, a matter Pakistani officials have recently sought to resolve and that remains relevant to the company’s governance picture.