Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh has called for an early resolution of all outstanding issues regarding the PTCL privatisation with Etisalat and asked the stakeholders to finalise proposals on the subject within the next couple of weeks.
He made this statement while chairing an Inter-Ministerial Committee constituted by the Prime Minister to discuss and resolve the issues related to the PTCL’s Privatisation.
Minister for Privatisation Muhammad Mian Soomro, Minister for Information Technology Khalid Maqbool Siddiqui, Secretary Finance, Secretary Privatisation, Secretary Information Technology & Telecommunication and other senior officials were also present.
During the meeting, the Adviser was given a detailed briefing on the issues concerning the transfer of properties to Etisalat and the pending payments still to be made by Etisalat.
The Adviser called for greater efforts to resolve the outstanding issues in a smooth and amicable manner and asked the government team to contact the senior management of Etisalat to listen to their viewpoint and decide the unresolved issues at the earliest as any further delay was not in the interest of both the parties.
This hafiz shiekh privatized PTCL and now he is chairing committee to resolve PTCL’s privatization issue. What a joke
The joke is you thinking PTCL is better off in govt. hands. It’s far better managed in private sector hands although it is still hampered by the legacy politically appointed workforce.
The properties issue is an important cautionary tale for any foreigner thinking of investing in Pakistan. Another one is the long drawn out sale of karachi electric to Shanghai Electric. That’s been going on for years because the powers that be will not give clearance.