The Pakistan Telecommunication Company Limited (PTCL) has been directed by the Supreme Court to recognize its ongoing financial responsibility for pension increases, bringing them in line with the scales of civil servants.

In a disclosure to the Pakistan Stock Exchange (PSX), PTCL confirmed that the Supreme Court has disposed of its review petition regarding pensionary benefits, instructing the company to reflect these liabilities in its financial statements in accordance with relevant accounting and corporate law standards.

Following the court’s decision, PTCL has begun the process of verifying pensioners’ data. This information will be shared with the Pakistan Telecommunication Employees Trust (PTET) to determine the company’s required contribution.

PTCL noted that the verification process is both complex and time-consuming, and the financial impact will be recorded once the exercise is complete.