Saturday, 24 August 2019

Pakistan mulls over taking Etisalat to London court

ETISLAT

LONDON/ISLAMABAD: After remaining unable to resolve the matter amicably, Pakistan is considering taking Etisalat to the London Court of International Arbitration over non-settlement of $800 million worth of outstanding privatisation proceeds of Pakistan Telecommunication Company Limited (PTCL).

“The Ministry of Privatisation and the office of Attorney General of Pakistan have completed necessary consultations,” a top official of the privatisation ministry told.

However, the official said before formally approaching the international court, a last chance would be given to the United Arab Emirates to resolve the issue on a government-to-government basis.

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