Team Formed to Resolve PTCL’s Property Issue

A 6-member team will be formed to resolve the issue of Etisalat’s transfer of outstanding properties to Pakistan Telecommunication Company Ltd (PTCL) and balanced payments of privatization proceeds within three weeks, reported Daily Times today.

Paper notes that this decision was made during a meeting between Emirates Investment Authority (EIA), led by its CEO Mubarak Al Monsouri, with the Adviser to PM on Finance Dr Abdul Hafeez Shaikh.

The EIA delegation is also the owner of M/s Etisalat. The meeting decided to form a six-member committee to resolve this issue within three weeks and submit its report to the adviser to PM on finance.