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PTCL Eyes Microfinance Sector with Potential Investment Opportunity

 The Pakistan Telecommunication Company Limited (PTCL) recently made an announcement indicating its interest in exploring an investment opportunity in the microfinance sector. The decision was authorized by the company's Board of Directors, and PTCL has informed the Pakistan Stock Exchange (PSX) about its intentions.

As of now, PTCL has kept the details of the potential investment under wraps. However, it is worth noting that PTCL Group has also displayed interest in acquiring the complete operations and management of Telenor Pakistan. Though no official statement has been released about this, sources suggest that both PTCL and Telenor have been engaged in advanced talks.

Considering PTCL's interest in Telenor, it is speculated that the company might be eyeing a potential investment in Easypaisa, which is a part of Telenor Microfinance Bank jointly owned by Telenor Group and Ant Group.

Earlier this year, negotiations between Apna Microfinance Bank Limited (APNA) and FINCA Microfinance Bank Limited (FINCA) regarding a merger failed. APNA, subsequently, expressed its commitment to explore alternative opportunities to safeguard the interests of its stakeholders, depositors, borrowers, regulator, partners, and staff.

Given this scenario, it is possible that PTCL might consider APNA as another potential investment opportunity to strengthen its position in Pakistan's microfinance sector.

It is important to mention that PTCL Group already operates U Microfinance Bank Ltd. (U Bank), boasting a vast network of over 300 branches across 210 cities and rural areas in Pakistan. U Bank offers a wide range of microfinance loans, deposit products, and branchless banking solutions.

With PTCL's foray into the microfinance sector, industry observers are keeping a close eye on the company's moves and anticipating further developments in this space. Stay tuned for updates as the situation unfolds.

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PTCL Eyes Microfinance Sector with Potential Investment Opportunity

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