Deadlock In Govt Etisalat Talks
At the heart of dispute are about 131 properties Pakistan government was required to transfer in the name of PTCL under the privatisation agreement but failed to do so due to legal complications. Etisalat stopped disbursement of $800 million of PTCL sale proceeds in 2006 after clearing about $1.8bn. Finance Minister Ishaq Dar expressed Pakistan’s displeasure over Etisalat’s move of holding back Pakistan’s money for seven years by linking it with the transfer of properties in the name of PTCL....