Objective: The purpose of the thesis is to evaluate the impacts of privatization on Growth, profitability and employment of Pakistan Telecommunication Limited, So that the organization may be able to get the fruitful impacts of this globally recognized phenomenon. In such a situation where privatization is still a matter of suspicion, it will make some positive contribution. Methods: In our dissertation we have followed the Qualitative method, while our main sources of information are reports, and other published materials i.e. our main dependency during this study remains on Secondary data. Results: We have compared the privatization of PTCL with the Privatization of Telia. Comparison with the Telia has extracted very useful steps for PTCL. The main result during comparison was adoption of different strategies which Telia has adopted after privatization. Conclusions: The main conclusions of our study for Pakistan Telecommunication is to enhance its poor quality service, adopt the latest Technology, and focus on Publicity and media campaign in order to coup with the diverse environment of Telecom Sector.