Latest news with #PakDatacomLimited
Business Recorder
28-07-2025
- Business
- Business Recorder
Management shakeup: Pak Datacom sends CEO on forced leave
Pak Datacom Limited (PAKD) has announced a leadership change, sending its Chief Executive/Executive Director, Syed Zulfiqar Ali, on forced leave till the completion of a special audit and further orders. Meanwhile, Ali Saleem Rana has taken charge as acting CEO and acting Executive Director, while continuing in his existing role as the company's secretary. The move is effective from July 25, 2025, PAKD disclosed in its notice to the Pakistan Stock Exchange (PSX) on Monday. The listed company has also reconstituted its Board of Directors. The new board is now chaired by Zomna Mohiuddin and comprises eight members, including independent directors and representatives from the non-executive ranks. Pak Datacom Limited was incorporated in Pakistan as a private limited company in 1992 and was converted into a public limited company in 1994. The principal activity of the company is setting up, operating, and maintaining a network of data communication and serving the needs of the customers. At the time of filing this story, the share price of PAKD was being traded at Rs237.90, a decrease of Rs1.81 or 0.75%.
Business Recorder
19-06-2025
- Business
- Business Recorder
Pak Datacom signs MoU with intl broadband satellite service provider
Pak Datacom Limited (PDL) announced on Thursday the signing of a Memorandum of Understanding (MoU) with an international-based broadband satellite services operator. The agreement was signed after a successful limited test and trial-based arrangement with them, the PDL said in a notice to the Pakistan Stock Exchange (PSX). PDL, which did not disclose the name of its international collaborator, added that the international operator was an established next-generation satellite broadband operator based in the Asia-Pacific region. 'The collaboration is aligned with PDL's long-term vision of supporting digital connectivity footprint in the broadband satellite services market,' read the notice to the bourse. Pak Datacom Limited (PSX: PAKD) was incorporated in Pakistan as a private limited company in 1992 and was converted into a public limited company in 1994. The principal activity of the company is setting up, operating, and maintaining a network of data communication and serving the needs of the customers.
