PTCL Appoints Muhammad Amir Siddiqi as Chief Financial Officer

The Fellow Chartered Accountant brings over 30 years of experience in financial management, telecommunications and business transformation.

Pakistan Telecommunication Company Limited (PTCL) has appointed Muhammad Amir Siddiqi as its Chief Financial Officer (CFO), effective immediately, following approval from the company’s Board of Directors.

Siddiqi brings more than 30 years of professional experience in financial management, strategic planning, treasury, corporate governance and business transformation. A Fellow Chartered Accountant, he has worked across Pakistan and international markets, including the telecommunications sector and professional services firms Ernst & Young (EY) and Deloitte.

He has previously held several senior leadership positions within PTCL Group. From 2013 to 2022, he served as Group Executive Vice President, Financial Planning and Treasury, overseeing financial planning, budgeting, funding, treasury operations and group-level performance management.

He later took charge as Head of Strategy and Transformation at PTCL Group, where he contributed to corporate strategy, growth planning and business transformation initiatives.

During his time with the group, Siddiqi supported spectrum acquisition and a telecom-sector acquisition in Pakistan. He also contributed to the launch of Wireless Data and Flash Fiber broadband services, led group-wide cost optimisation initiatives and oversaw the integration of PTCL and Ufone’s finance functions at the group level. His international experience also includes working with Etisalat in the UAE.

Since 2023, Siddiqi has served as CFO of U Microfinance Bank (UBank), where he has focused on financial and operational transformation. During his tenure, he helped secure regulatory approval for a capital injection plan of approximately Rs15 billion and delivered annualised operating cost savings of around Rs2 billion.

He also worked to strengthen financial controls, regulatory compliance and recovery capabilities. His wider expertise includes mergers and acquisitions, enterprise risk management, International Financial Reporting Standards (IFRS), financial reporting and Board-level governance.

In his new role, Siddiqi will lead PTCL’s financial strategy and oversight. His priorities will include improving financial performance, optimising capital allocation, strengthening governance and operational efficiency, and supporting the company’s strategic objectives.

His appointment comes as PTCL continues to pursue growth across its telecommunications, connectivity and digital services businesses. His previous experience within PTCL Group and the wider telecom sector is expected to support the company’s financial planning and long-term business priorities.