Pakistan In Focus.
Etisalat's $263mn settlement offer refused
Pakistan on Tuesday turned down an offer from Etisalat for the settlement of a privatisation dispute with payment of $263 million, which was only one-third of the outstanding dues, and asked the United Arab Emirates (UAE) company to double the amount.
The offer made by UAE's telecom giant Etisalat is even lower than the price it was willing to pay six years ago. A delegation of Etisalat met Finance Minister Ishaq Dar for the second time in two months to find a solution to the 17-year-old privatisation dispute.
The company owes $800 million in privatisation proceeds of...
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