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Analyst Opinion
PTC - Pakistan Telecommunication Co. Ltd.
PTC Breaks Above Key Resistance on Strong Volume, Reinforcing Bullish Momentum
M Wajahat    7/2/2026 12:00:00 AM
PTC has successfully broken its key resistance zone , signaling strengthening bullish momentum and an improving technical outlook. Investors may consider accumulating the stock within the PKR 72.07 - 72.57 range, with potential upside targets at PKR 76.65, 80.30, and 86.71. The breakout is supported by sustained buying interest and constructive price action, reinforcing a positive near- to medium-term outlook for the stock. To manage downside risk, a stop-loss is recommended at PKR 64.80
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20PTC%20July%2002,%202026....pdf
PTC - Pakistan Telecommunication Co. Ltd.
PTC is the largest fixed-line and broadband provider
SCS Research update    5/19/2026 12:00:00 AM
Pakistan Telecommunications Company (PTC) is likely to benefit if the government goes ahead with the proposed tax relief for FY27, but the benefit depends on how much of the relief actually applies to the PTC business model. The government is considering major tax relief for the telecom/broadband sector in the FY26-27 budget, as per the media outlets. 1. Cut the fiber optic import duty from ~60% to ~5% 2. Reduce taxes on internet services - currently ~19.5% provincial tax + 12.5% federal withholding tax We believe the goal is to speed up Fiber-to-the-Site expansion and get Pakistan ready for 5G. Why does this matter to PTC 1. Cost of network expansion drops PTC is the largest fixed-line and broadband provider, and it’s rolling out fiber under the “PTCL Flash Fiber” brand. Slashing the fiber optic duty from 60% to 5% directly cuts capex for fiber rollout. That makes expansion into new cities and underserved areas more financially viable. 2. More affordable broadband = more subscribers If taxes on internet services are cut, end-user prices fall. Telecom operators argue this will boost penetration and digital inclusion. For PTC, that means higher subscriber growth in broadband and corporate internet. 3. 5G readiness The industry says large-scale fiber is critical for 5G. PTC owns most of Pakistan’s fiber backbone, so it’s positioned to lease/wholesale fiber to mobile operators when 5G launches. PTC faces massive challenges regarding - Legacy fixed-line decline - High operational costs, currency depreciation - Competition from Mobile Network Operators (MNOs) viz. Jazz, Zong on mobile data Beneficial if: The relief on fiber imports & internet taxes goes through as proposed. PTC would see lower capex and potentially faster broadband growth, which is positive for revenue and valuation. Less beneficial if: Only small tweaks are made, or if consumption taxes stay high. PTC would still face cash flow pressure and slow payback on fiber investment, which the industry says takes 8-10 years.
Link: https://www.linkedin.com/in/mahsan178/