Tag: 73m

Etisalat likely to cut $73m to settle PTCL properties issue

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article image STAFF REPORT IBD: The Etisalat and the government of Pakistan are soon to resolve the long pending payment dispute of $800 million, Dr. Mirza Ikhtiar Baig, Advisor to Pakistan’s PM on Textile and Chairman of Pak-UAE Business Council, reported has given the impression.According to a report, the resolution involves a mechanism agreed by both the parties, under which Etisalat will deduct the market price of those properties that Pakistan has failed to transfer."We proposed an out of the box…Read More