WorldCall Telecom : Transmission of Annual Report for the Year Ended December 31, 2022

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

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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.
	([phone]
	([phone]
			[e-mail]
Registered Office/Head Office	Plot No. 112/113, Block S,
	Quaid-e-Azam Industrial Estate,
	Kot Lakhpat,
	Lahore - Pakistan
	([phone], 35400609,
	([phone]

Webpagewww.worldcall.com.pk www.worldcall.net.pk

05	ANNUAL REPORT 2022