PROJECT

Projects

Summary of Investment Information

Project Number

48543

Company Name

PAKISTAN TELECOMMUNICATION COMPANY LIMITED

Date SPI Disclosed

Jan 30, 2024

Country

Pakistan

Region

Middle East

Projected Board Date

Feb 29, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Dec 28, 2025

Department

Regional Industry INF MCT

Industry

Telecommunications and Technology

Previous Events

Approved : Apr 5, 2024
Signed : Jun 27, 2024
Invested : Dec 24, 2025

Sector

Mobile Telephony

Project Description

Pakistan Telecommunications Company Ltd. (“PTCL” or the “Company”) has entered into a Share Purchase Agreement with Telenor Pakistan B.V. dated 14 December 2023 for the acquisition of 100% shares of Telenor Pakistan Private Ltd. (“TPL”) at a purchase price of PKR 108 billion on a cash free debt free basis. IFC plans to provide a loan of up to US$150 million and mobilize up to US$250 million in debt to fund PTCL’s acquisition of TPL (“the Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation