No Mention of Etisalat’s Pending $800 Million Payment for PTCL in Budget Documents
As indicated by that archive, the administration comprised an Inter-Ministerial Committee. The board of trustees was to consider and resolve the issues of restoration of cell licenses and PTCL privatization issue, other than formulating a goals system for every single remarkable issue including installment of exceptional $800 million began after abnormal state concurrence with UAE appointment. As indicated by similar archives, defense of $800 million arrangement was required to yield around one billion rupees advantage to PTCL yearly.
A few pastors of the officeholder government expressed that legislature was expecting a noteworthy achievement with Etisalat to determine much-anticipated $800 million exceptional duty by virtue of privatization of PTCL. The commitment with Etisalat were extremely positive and liable to achieve some end soon around a half year prior.
Be that as it may, there is anything but a solitary word expressed about the remarkable sum because of PTCL privatization in the spending discourse of Minister of State for Revenue or in spending archives for the following financial year.
A High positioning authority at the Privatization Commission kept up that arrangements are under procedure with Etisalat. Anyway the procedure is convoluted and may take some time, the authority kept up.
Secretary Privatization Commission Rizwan Malik, while instructions the Senate Standing Committee on Privatization in April 2019, expressed that Etisalat has by and by questioned the PTCL bargain over the shortage of properties recorded in timetable 7 of the Sale Purchase Agreement (SPA) because of impossible to miss reasons.
Secretary PC said that despite the previous accord, Etisalat has indeed contested the rundown of 33 non-feasible properties by expressing that the shortage of properties additionally incorporates 363 properties subtracted from the all out number of properties recorded in timetable 7 of the Sale Purchase Agreement (SPA).
Malik said that the administration was settling the issue genially with the Dubai-based Etisalat, so as to dodge any harshness in respective relations.
Malik said that Etisalat has contracted two firms as of now attempting to assess the properties and check titles and on ground status of these properties. It was normal that the assessment and checking procedure would be finished in 10 a year. On the off chance that the issue isn’t settled, at that point the issue would go to global intervention.