Ptcl

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  • Topic: Etisalat, Mobile phone, Pakistan Telecommunication Company Ltd
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  • Published : May 19, 2013
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INSTITUTE OF BUSINESS AND TECHNOLOGY

PTCL Privatization and its Impact on Financial Health

Prepared By

Fahad Abbas
BM-25078

Course Code:MKT-606

MBA (Banking and Finance)

FACULTY OF
MANAGEMENT AND SOCIAL SCIENCES

FALL - 2010

INSTITUTE OF BUSINESS AND TECHNOLOGY

ABSTRACT SUBMITTED BY:Fahad Abbas

DISCIPLINE:MBA (Banking and Finance)

TITLE OF PROJECT REPORT: PTCL Privatization and its Impact on Financial Health

MONTH OF SUBMISSION:November, 2010

NAME OF PROJECT SUPERVISOR: Dr. Noor Ahmed Memon

ABSTRACT

Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service. The impact of privatization on financial health of Pakistan Telecommunication Limited. Whereas it affects many other sectors as well, such an in-depth treatment would have added a great deal of value to this research in terms of understanding how privatization can lead to efficiency. The main focus of the Project is to analyze the situation for privatization, Impact of privatization on financial health of Pakistan telecommunications, is privatization adding value to PTCL.

ACKNOWLEDGEMENT

At the completion of my research project I would like to thank ALLAH Almighty for giving me the power, energy and guidance to do this research study.

I would then like to thank my resource person, Dr. Noor Ahmed Memon for giving me this opportunity to carry out this project. I would like to thank him for all his help and guidance.

Last but not the least, I would like to thank my family and friends for being there for me whenever I needed them and for bearing with me all the way through.

Fahad Abbas

TABLE OF CONTENTS

ABSTRACT

ACKNOWLEDGEMENT

1. INTRODUCTION1
1.1 Introduction1
1.2 Purpose of Study1
1.3 Research Objectives1
1.4 Research Methodology2

2. LITERATURE REVIEW3
2.1 The Biggest Financial Scam in Pakistan’s History3
2.2 Pakistani Workers Revolt Against PTCL Privatization4

3. PROFILE OF PTCL7
3.1 History of PTCL7
3.2 Introduction of PTCL9
3.3 Core Values13
3.4 Mission14
3.5 Vision14
3.6 SWOT Analysis15

4. PRIVATIZATION OF PTCL18
4.1 Privatization18
4.2 Impacts of Privatization on PTCL20
4.3 Major Benefits26
4.4 Porter’s Analysis of PTCL27
4.5 Points In Favor of Privatization29
4.6 Privatization Techniques32

5. FINANCIAL ANALYSIS OF PTCL33
5.1 Financial Statement of PTCL33
5.2 Management of PTCL and Current Financial Position34
5.3 Accounting System & Practices41

6. IMPACT OF PRIVATIZATION43
6.1 PTCL and Pakistan Economy43
6.2 Financial Aspects of PTCL49
6.3 PTCL and Financial Health52
6.4 Special Issues of Telecom57

7. CONCLUSION AND RECOMMENDATIONS61
7.1. Conclusion61
7.2. Recommendations62

BIBLIOGRAPHY64

Appendex65

1. INTRODUCTION

1.1 Introduction

Privatization is generally referred to as “the total or partial sale of shares of a state-owned enterprise (SOE) to private investors. Privatization refers to the transfer of any Federal property, right, interest, concession or management to any person. Person in turn is broadly defined to include partnerships, companies, and the like, other than those owned or controlled by Federal Government. In legal terms, privatization “includes a transaction by virtue of which any person from the Federal Government or any enterprise owned or controlled, wholly or partially, directly or indirectly, by Federal Government” Thus it includes the sale of shares or assets of companies in which the Government sells only a minority interest.

1.2 Purpose of Study

The ptcl privatization and its impact on financial health .In the local scenario to study and analyze the effects of Privatization. There is very little emphasis on studying the impact of privatization...
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