PTCL Appoints Muhammad Amir Siddiqi as Chief Financial Officer

After approval by the Company's Board of Directors, pakistan Telecommunication Firm Limited (PTCL) has confirmed the appointment of Muhammad Amir Siddiqi as Chief Financial Officer (CFO), effective immediately.

Key points

• Amir previously served as Group Executive Vice President, Financial Planning & Treasury at PTCL Group from 2013 to 2022, leading financial planning, budgeting, funding, treasury and Group-level performance management.
• Since 2023, Amir has served as CFO of U Microfinance Bank (UBank), where he has was central in driving financial and operational transformation.
• A Fellow Chartered Accountant with over 30 years of professional experience, Amir brings extensive expertise in financial management, strategic planning, treasury, corporate governance and business transformation.
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In practice, a Fellow Chartered Accountant with over 30 years of professional experience, Amir brings extensive expertise in financial management, strategic planning, treasury, corporate governance and business transformation. As well as professional services firms Ernst & Young (EY) and Deloitte, his career spans more than two decades in the telecommunications sector, with experience throughout Pakistan and international markets.

Amir previously served as Group Executive Vice President, Financial Planning & Treasury at PTCL Group from 2013 to 2022, leading financial planning, budgeting, funding, treasury and Group-level performance management. He subsequently served as Head of Strategy & Transformation at PTCL Group, contributing to corporate strategy, expansion planning and transformation initiatives. During his tenure, he backed spectrum acquisition and a telecom-sector acquisition in Pakistan, facilitated the launch of Wireless Data and Flash Fiber broadband services, led Group-wide cost optimization initiatives, and spearheaded the integration of PTCL and Ufone's finance functions at the Group level. His experience additionally includes working with Etisalat in the UAE.

Since 2023, Amir has served as CFO of U Microfinance Bank (UBank), where he has was central in driving financial and operational transformation. His achievements include securing regulatory approval for a capital injection plan of approximately PKR 15 billion, delivering annualized operating cost savings of approximately PKR 2 billion, and strengthening financial controls, regulatory compliance and recovery capabilities. His broader expertise encompasses mergers and acquisitions, enterprise risk management, International Financial Reporting Standards (IFRS), financial reporting and Board-level governance.

As CFO, Amir will lead PTCL's financial strategy and stewardship, with a focus on strengthening financial performance, optimizing capital allocation, enhancing governance and operational efficiency, and supporting the Company's strategic priorities.

With his deep understanding of PTCL Group, international telecommunications experience and proven track record in financial leadership and transformation, Amir is well positioned to backing PTCL's continued expansion, strategic execution and long-term value creation. Stay Connected with ProPakistani.

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In short, PTCL Appoints Muhammad Amir Siddiqi as Chief Financial Officer is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.