President of Pakistan, Mr. Asif Ali Zardari recently had a 2 hours visit to UAE without letting anyone know to speak with the Arabian government for the resolution of dispute and pending payment issues with Etisalat, reported Dawn today without naming any source.
Etisalat is long holding USD 800 million against its 2.6 billion dollar purchase of PTCL’s 26 percent shares. Etisalat is apparently holding this money due to disputes with the Pakistan government over legal transfer of land and property titles.
According to Dawn, the outcome of Zardari’s visit is very promising. Citing an official, paper claims that Etisalat is likely to pay entire pending amount within few days.
“The dispute between the government and Etisalat over the delay in transfer of some land titles to the PTCL in Sindh had been resolved”, noted Dawn.
