Chase Securities has projected that PTCL could achieve a $5 billion equity valuation within the next three to five years, provided the company successfully acquires and integrates Telenor Pakistan. The Karachi-based brokerage emphasized that consolidation within the telecom sector could help PTCL restore pricing power, improve average revenue per user (ARPU), and strengthen profit margins.
In its November 2025 report, Chase Securities set a 12-month target price of Rs62 per share for PTCL, suggesting a potential upside of 58 percent from the current trading level of Rs39.2. The brokerage noted that PTCL’s market capitalization, which peaked at $7.7 billion in 2005, has declined to roughly $0.7 billion today.
The report outlines a credible path for PTCL to regain lost equity, highlighting strategic acquisitions, operational efficiencies, and sector consolidation as key drivers. Analysts believe that if the Telenor deal proceeds smoothly, PTCL could reestablish itself as a dominant player in Pakistan’s telecom market, delivering significant value to shareholders and boosting investor confidence in the sector.
