On Tuesday, Pakistan and e& international (Etisalat International) decided to move forward with the goodwill-based resolution of all outstanding issues between Etisalat and the Privatization Commission.
At the Ministry Of Finance, Finance Minister Ishaq Dar met with a group from e& International led by CEO Mikhail Gerchuk.
Abdulrahim Abdulla Abdulrahim Al Nooryani, the CEO of Etisalat Pakistan, Hatem Bamatraf, the CEO of PTCL and Ufone, and Kamal Shehadi, the Chief Strategy Officer of e& international, made up the delegation.
The finance minister remembered his talks with Etisalat in Abu Dhabi and Dubai during his recent trip to the UAE and emphasised the need of resolving unresolved concerns between Etisalat and the Privatization Commission and moving forward for a mutually advantageous solution.
Dar also emphasised the potential for foreign investment in Pakistan, particularly in the quickly expanding IT and telecom industries. He said that the government is doing this by creating a friendly climate and removing barriers to such investment.
Gerchuk gave a presentation to the group on the company’s background and upcoming developments in Pakistan. He also emphasised his willingness to make additional investments in Pakistan’s IT and telecom industries.
Senior executives from the Finance and Privatization Divisions, as well as Minister of State for Finance Dr. Aisha Ghous Pasha, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Pasha, Secretary Finance, Secretary IT & Telecom, and others, attended the meeting.