Latest Information Technology News in Pakistan: -Government
of Pakistan has recover all possible efforts to $ 800 million from Etisalat
against the partial sale of PTCL 2005-06, but all attempts to incentives or
even threats remained barren.
The
government is fighting for this much-needed $ 800 million for more than five
years, but still Etisalat stand on his day an attitude, considering that the
dispute surfaced in early 2009.
Ishaq
Dar, Minister of Finance, was yesterday that dispute finally quoted by Reuters
as saying shortly before graduating.
"The
release of funds is expected shortly," Dar told Reuters - a statement that
we heard over and over again during the last years.
Payment
dispute between Etisalat and the Government of Pakistan to transmit roots back
to 3248 properties that had Pakistan PTCL under the sale contract (Latest Information Technology News in Pakistan).
Etisalat
has been maintained that Pakistan must transfer these properties before its $
800 million released.
While
the majority of the properties have been transferred, is still PTCL to gain
possession of 31 properties, but these are hardly ever transferred for various
reasons, including legal obstacles.
Etisalat,
the hands, rigidly bound to the other to hold the payment until all the
properties to PTCL, transmit something - as mentioned above - this is not
possible due to legal restrictions.
Pakistan
has repeatedly offered Etisalat, deduct the value of the disputed properties,
and uncheck the rest of the fees, but not the situation has changed.