ISLAMABAD – PTI Government is likely to get $2 billion from the pendingarrears of PTCL sale and renewal of the telecom sector licences.
The government is expecting up to $2 billion in inflows through likelyresolution of government-Etisalat (PTCL privatization) dispute and renewalof cellular licenses in the current fiscal year 2018-19.
According to official documents, the government has constituted anInter-Ministerial Committee.
The committee was to deliberate and resolve the issues of renewal ofcellular licenses and PTCL’s privatization issue, and to devise a mechanismfor all outstanding matters including payment of “outstanding” $800 millionafter a high-level agreement was reached with a UAE delegation.Rationalization of $800 million deal is expected to yield around onebillion rupees to PTCL annually.
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In response to a query about the agreement with Dubai-based Etisalat,Finance Minister Asad Umar replied, “agreement is still being discussed”.The Federal Minister for Information Technology and Telecommunication DrKhalid Maqbool Siddiqui said the government is expecting a majorbreakthrough with Etisalat to resolve the much-awaited $800 millionoutstanding “dues” on account of privatization of PTCL.
