PTCL Privatization Deal: Pakistan will get $800 Millions from Etisalat before June 2011

Etisalat expected to release $800 million by June end

ISLAMABAD  (April 10, 2011) : The government has received positive indication that $800 million, pending from sale proceeds in Pakistan Telecommunication Company (PTCL), would be released by the end of the current fiscal year, which may provide a cushion to the declining foreign investment in the country.

A meeting between the management of Etisalat UAE Telecommunication Company and Privatisation Commission was held here in Islamabad to review how things are progressing to resolve the pending issue

(Published in “Daily Business Recorder” on Sunday, April 10, 2011)

Leave a Reply