VISION
We at Worldcall are committed to achieving dynamic growth and service excellence by being at the cutting edge of technological innovation. We strive to consistently meet and surpass customers', employees' and stake-holders' expectations by offering state-of-the-art telecom solutions with national & international footprints. We feel pride in making efforts to position Worldcall and Pakistan in the forefront of international arena.
MISSION STATEMENT
In the telecom market of Pakistan, Worldcall to have an overwhelming impact on the basis of following benchmarks:
- Create new standards of product offering in basic and value added telephony by being more cost effective, easily accessible and dependable. Thus ensuring real value for money to all segments of market.
- Be a leader within indigenous operators in terms of market share, gross revenues and ARPU within five years and maintain the same positioning thereafter.
- Achieve utmost customer satisfaction by setting up high standards of technical quality and service delivery.
Ensuring the most profitable and sustainable patterns of ROI (Return on Investment) for the stake-holders.
01 | ANNUAL REPORT 2022 |
C O N T E N T S
Company Information | 04 |
Notice of 23rd Annual General Meeting | 06 |
Message from the Chairman | 10 |
Directors' Report to the Shareholders | 11 |
Six Year Financial Performance Income Statements | 24 |
Statement of Compliance with Code of Corporate Governance | 25 |
Review Report on Statement of Compliance with Code of Corporate Governance | 27 |
Independent Auditor's Report on Separate Financial Statements | 28 |
Separate Financial Statements | 31 |
Independent Auditors Report on Consolidated Separate Financial Statements | 90 |
Consolidated Financial Statements | 93 |
Pattern of Shareholding | 154 |
Investors' Education | 156 |
Form of Proxy | 157 |
02 | ANNUAL REPORT 2022 |
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022
03 | ANNUAL REPORT 2022 |
COMPANY INFORMATION
Chairman | Mr. Muhammad Shoaib | |
Chief Executive Officer | Mr. Babar Ali Syed | |
Board of Directors | Mr. Muhammad Shoaib | (Chairman) |
Mr. Muhammad Azhar Saeed | (Director) | |
Mr. Faisal Ahmed | (Director) | |
Mr. Mubasher Lucman | (Director) | |
Mrs. Hina Babar | (Director) | |
Mr. Mansoor Ali | (Director) | |
Mr. Tariq Hasan | (Director) | |
Chief Financial Officer | Mr. Muhammad Azhar Saeed, FCA | |
Executive Committee | Mr. Muhammad Shoaib | (Chairman) |
Mr. Babar Ali Syed | (Member) | |
Mr. Muhammad Azhar Saeed | (Member) | |
Mr. Faisal Ahmed | (Member) | |
Mr. Muhammad Zaki Munawar | (Secretary) | |
Audit Committee | Mr. Mubasher Lucman | (Chairman) |
Mr. Faisal Ahmed | (Member) | |
Mrs. Hina Babar | (Member) | |
Mr. Mansoor Ali | (Member) | |
Mr. Ansar Iqbal Chauhan | (Secretary) | |
Human Resource & | Mr. Muhammad Shoaib | (Chairman) |
Remuneration Committee | Mr. Babar Ali Syed | (Member) |
Mr. Muhammad Azhar Saeed | (Member) | |
Mrs. Hina Babar | (Member) | |
Mr. Mansoor Ali | (Member) | |
Mr. Muhammad Zaki Munawar | (Secretary) | |
Chief Internal Auditor | Mr. Ansar Iqbal Chauhan | |
Company Secretary | Mr. Muhammad Zaki Munawar, FCCA | |
Auditors | Tariq Abdul Ghani Maqbool & Co. | |
Chartered Accountants | ||
Legal Advisers | M/s Miankot Law Chambers | |
Barristers, Advocates & | ||
Corporate Legal Consultant |
04 | ANNUAL REPORT 2022 |
Bankers | Allied Bank Limited | ||
Askari Bank Limited | |||
Bank Al Habib Limited | |||
Faysal Bank Limited | |||
Habib Bank Limited | |||
Habib Metropolitan Bank Limited | |||
JS Bank Limited | |||
BankIslami (Pakistan) Limited | |||
MCB Bank Limited | |||
National Bank of Pakistan | |||
Pak Oman Investment Co. Limited | |||
Soneri Bank Limited | |||
Standard Chartered Bank (Pakistan) Limited | |||
Summit Bank Limited | |||
Telenor Microfinance Bank Limited | |||
The Bank of Punjab | |||
United Bank Limited | |||
Silkbank Limited | |||
Meezan Bank Limited | |||
Mobilink Microfinance Bank Limited | |||
Registrar and Shares Transfer Office | THK Associates (Pvt.) Limited | ||
Plot No. 32-C, Jami Commercial Street 2, | |||
D.H.A., Phase VII, | |||
Karachi-75500 Pakistan. | |||
(+92 21) 35310191-6 | |||
(+92 21) 35310190 | |||
sfc@thk.com.pk | |||
Registered Office/Head Office | Plot No. 112/113, Block S, | ||
Quaid-e-Azam Industrial Estate, | |||
Kot Lakhpat, | |||
Lahore - Pakistan | |||
(+92 42) 35400544, 35400609, | |||
(+92 42) 35110965 |
Webpagewww.worldcall.com.pk www.worldcall.net.pk
05 | ANNUAL REPORT 2022 |
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WorldCall Telecom Ltd. published this content on 20 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2023 07:23:07 UTC.