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Tuesday, May 11, 2010

UAE investors discuss transfer of PTCL properties with Hafeez Shaikh

ISLAMABAD, May 11 : A delegation of leading UAE investment company, the Emirates Investment Authority, led by its CEOMr. Mubarak Al Monsouri, called on the Adviser to PM on Finance, Dr. Abdul Hafeez Shaikh here on Tuesday.

During the meeting, the UAE investors discussed various proposals for investment in Pakistan .

The EIA delegation, which is also the owner of M/s. Etisalat, also discussed the issue of transfer of outstanding properties to PTCL and balanced payments of privatization proceeds.

In this regard, the meeting decided to form a six-member committee to resolve this issue within three weeks and submit its report to the Adviser to PM on Finance.

The Committee will consist of three members from the Emirates Investment Authority and three from Pakistani side, comprising the Secretaries of Ministry of Finance, Ministry of Privatization and Ministry of Information Technology.

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