Karachi, July 16, 2025 – Pakistan Telecommunication Company Limited (PTCL) has initiated the process of adjusting its financial records following a landmark Supreme Court decision that ruled against the company in a pension-related case filed by its retired employees.
The Supreme Court, in a detailed judgment issued on July 10, 2025, addressed the long-standing issue of enhanced pension payments for former PTCL employees. The petition was filed by pensioners demanding government-announced increases in their pensions. The court ruled that PTCL could not escape its statutory obligations simply due to financial constraints.
The verdict clearly stated that, “Financial difficulties do not absolve a statutory entity from fulfilling its legal obligations. If the current pension model cannot bear the financial burden, it must be restructured — not the pensions curtailed.”
Accordingly, the Court directed PTCL to formally acknowledge its ongoing pension liability toward retired civil servants and to reflect this liability in its financial records as per accounting and corporate law standards. The Court further allowed PTCL and the Pakistan Telecommunication Employees Trust (PTET) to determine a feasible schedule for the disbursement of revised pension payments. However, the disbursement must be completed within 90 days, and the entire process should remain transparent and fair to all affected pensioners.
Following the decision, PTCL informed the Pakistan Stock Exchange (PSX) that it is fully complying with the Supreme Court order. The company stated that the Apex Court had disposed of its review petition and reiterated that government pension increases must be extended to retired civil servants of PTCL.
PTCL added that it is currently verifying the records of pensioners to calculate the necessary contributions to PTET. This step is crucial before finalizing the financial adjustments. Given the complexity of the task, PTCL expects the verification and pension calculations to take time but assures all stakeholders that the financial implications will be accurately reflected in the company’s financial statements.
This development marks a significant shift in PTCL’s stance on the long-disputed pension issue, bringing long-awaited relief to thousands of retirees who have been battling for their rightful pension entitlements for years.