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HomePoliticsPakistan prepares international arbitration to recover $800 million from Etisalat

Pakistan prepares international arbitration to recover $800 million from Etisalat

ISLAMABAD: Pakistan has decided to pursue international arbitration against UAE-based telecommunications company Etisalat to recover around $800 million in outstanding proceeds from the privatization of Pakistan Telecommunication Company Limited (PTCL), with preparations for legal proceedings completed, a member of parliament told Arab News on Thursday. The move marks a major escalation in a two-decade dispute over the transfer of properties included in the 2005 privatization agreement. Pakistan

Read full story on Arab News Pk

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