KARACHI: Pakistan and the United Arab Emirates (UAE) are optimistic that they will be able to resolve a long-standing dispute, amounting to $800 million and to be paid by telecom giant Etisalat, when their representatives meet next month, officials said on Friday.
The issue is over the privatization proceeds of Pakistan Telecommunication Company Limited (PTCL) which were to be paid by UAE's Etisalat.
“I am confident the issue will be resolved in the first week of February,” Senator Fida Muhammad, member of the Senate’s Standing Committee on Information Technology and Telecommunication, told Arab News on Friday.
He added that he has been following up on the payment issue for the past six to seven months which is “our top priority because a lot of time has been wasted”.
“We have categorically told the ministry that we have to make progress under the agreement (with Etisalat) and get the issue resolved," the senator, who belongs to the ruling Pakistan Tehreek-e-Insaf (PTI) party, said.
He added: “We plan to get the $800 million from Etisalat in five equal instalments in six months’ time”.
According to the senator, a UAE delegation will visit Pakistan later this month to discuss the matter.
Earlier on Wednesday, Secretary Privatization Commission of Pakistan, Rizwan Malik had told the Senate Standing Committee that a meeting with Etisalat's management was due at the end of this month.
Pakistan had privatized PTCL in 2005 through a bidding process which saw UAE’s Etisalat emerge as the winner. It acquired 26 percent stakes and the management control of PTCL for $2.6 billion. However, Etisalat withheld $800 million and the issue has remained unresolved for more than a decade.
Last year, Pakistan’s privatization ministry had hinted at moving the International Court of Arbitration (ICC) against Etisalat for the payment of $800 million which is overdue.
“We are moving a summary to the federal government to take up the issue with the UAE government for the settlement of outstanding dues. Going to the ICC is the last option that Pakistan will exercise," Irfan Ali, former Secretary of Privatization, had told Arab News.
Etisalat withheld the payment on the grounds that Islamabad has not yet mutated some 3,500 properties as part of the agreement with the government of Pakistan.
Last year, UAE's acting Consul General in Karachi, Bakheet Ateeq Al Romaithi, had told Arab News that the UAE and incoming government of Pakistan would resolve the issue of PTCL's overdue privatization proceeds worth $800 million.
"I am honest with you there is no issue at all and it is between two brothers. I am 100 percent sure the issue will be resolved after the new government takes up the matter," Romaithi had said at the time.
However, Malik on Wednesday told the committee that PTCL’s asset management wing had provided flawed records on its properties as it owned only 3,248 properties but had mentioned 3,384 in the privatization agreement which was finalized in 2006.
"Thegovernment, which has 62 percent stake in PTCL on November 15, 2018, has provided the list of all 3,248 properties to Etisalat with details why the remaining 33 properties could not be transferred to PTCL," Dawn newspaper quoted Malik as saying during the briefing.
He added that the remaining 33 properties, which cannot be transferred to PTCL, had been evaluated at the market price and that the information had been conveyed to Etisalat.
PTCL shareholding was 62 percent, when 26 percent of shares and control were sold to Etisalat while the remaining 12 percent were sold to the general public in 2006 under an intensified privatization program launched by former Prime Minister Shaukat Aziz.
Pakistan hopes to resolve $800mn payment row with UAE telecom provider
Pakistan hopes to resolve $800mn payment row with UAE telecom provider
- Delegation to visit Islamabad in February to end dispute with Etisalat, senator tells Arab News
- Authorities plan to retrieve amount in five equal installments
Pakistan warns of Internet disruptions due to fault in submarine cable near Qatar
- AAe-1 cable is one of seven ones handling Pakistan’s international Internet traffic, says PTA
- Internet disruptions over past few months have affected millions of Pakistani users nationwide
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) warned on Thursday that Internet users may face disruptions nationwide due to a fault reported in an undersea cable near Qatar.
In a press release, the PTA said the fault was reported in the AAe-1 submarine cable located near Qatar, which is one of the seven cables handling Pakistan’s international Internet traffic.
“Due to this Internet and broadband users may face problems,” the PTA said.
The PTA said that its teams were working on fixing the problem.
“PTA is monitoring the situation and will keep telecom users informed from time to time,” the statement added.
Pakistan has reported faults in undersea Internet cables in the past as well. Internet disruptions over the past few months have affected millions of Pakistani users, adversely affected businesses and drawn nationwide complaints
Pakistan has 110 million Internet users, and up to 40 percent slower Internet speeds have affected nearly half the country’s 241 million population.
Digital rights experts, however, have cast doubts on the government’s statement about Internet disruptions in the past. Instead, they say that the government’s move to install a firewall to monitor and regulate content and social media platforms has caused the Internet to slow down.
Pakistan government, Imran Khan’s party to resume talks next week to break political deadlock
- Imran Khan’s party to present charter of demands in written form next week, says joint statement
- Khan’s ouster in a parliamentary no-confidence vote in April 2022 has plunged Pakistan into a political crisis
ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party and the ruling coalition government will hold their third round of talks to break the prevalent political deadlock in the country next week, a joint statement from both sides said on Thursday.
The government and PTI held their second round of formal negotiations on Thursday. The first round of formal negotiations between the two sides took place on Dec. 23, with the PTI asked to present its demands in writing on Jan. 2.
Khan’s party has put forward two demands: the release of political prisoners and the establishment of judicial commissions to investigate protests on May 9, 2023, and Nov. 26, 2024, which the government says involved his party supporters, accusing them of attacking military installations and government buildings.
“The PTI committee informed that to present their Charter of Demands they be presented an opportunity to meet and consult Imran Khan and seek his guidance,” the joint statement said.
“They said that Imran Khan has allowed this negotiation process to begin so it is important to seek his instructions on taking it forward in a positive manner,” it added.
The committee said after meeting and holding discussions with Khan, it will be able to present its demands in the next meeting between the two sides.
The statement said Dar responded by saying that the government expected the PTI to present its demands in writing today, Thursday, so that the negotiation could move forward.
“It was decided that the third meeting of both the committees would be held next week after the PTI committee met with Imran Khan,” the statement said.
The government’s team was led by Deputy Prime Minister Ishaq Dar, Rana Sanaullah, Irfan Siddiqui, Raja Pervaiz Ashraf, Syed Naveed Qamar, Farooq Sattar, Ijaz-ul-Haq, and Khalid Hussain Magsi.
The opposition committee included Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur, Salman Akram Raja, Sahibzada Hamid Raza, Asad Qaisar, Omar Ayub, and Raja Nasir Abbas.
Khan’s ouster in a parliamentary no-trust vote in 2022 has plunged Pakistan into a political crisis, particularly since the PTI founder was jailed in August last year on corruption and other charges and remains behind bars. His party and supporters have regularly held protests calling for his release, with many of the demonstrations turning violent.
The talks between the two sides opened days after Khan threatened a civil disobedience movement, and amid growing concerns he may face trial by a military court for allegedly inciting attacks on sensitive security installations during the May 9, 2023, protests.
Pakistan Navy flotilla arrives in Iran, holds bilateral passage exercise
- Pakistan, Iran navy commanders discuss matters of mutual interest, cooperation in maritime security
- Exercise aimed to promote shared learning through coordinated activities between both navies
ISLAMABAD: Pakistan Navy said on Thursday its flotilla visited Iran’s Port Bandar Abbas where officials of the two navies held talks before a passage exercise was held.
According to the navy’s media release, Pakistan Navy ships Rasadgar and Azmat, along with Pakistan Maritime Security Agency (PMSA) ship Dasht, visited Port Bandar Abbas during their overseas deployment.
The flotilla was led by Commander 14th Destroyer Squadron, Commodore Muhammad Umair.
“The Mission Commander, along with the Commanding Officers, held meetings with naval leadership of Iran,” the statement said. “During these interactions, matters of mutual interest, Navy-to-Navy engagements, and cooperation in maritime security were discussed.”
Both the PN and PMSA ships later conducted a Passage Exercise with an Iranian Navy ship, the statement said.
It added that the exercise aimed to enhance interoperability between the two navies and promote shared learning through coordinated activities.
“The visit of the PN flotilla to Iran is expected to further strengthen existing diplomatic ties and cordial relations between the two nations,” Pakistan Navy said.
A passage exercise is a routine drill involving the navies of friendly foreign countries that occurs while visiting each other’s ports or during a rendezvous at sea.
Pakistan Navy regularly partakes in bilateral exercises with regional countries to stem the spread of illegal maritime activities such as human smuggling, piracy and drug trafficking.
Turkish group bids below minimum fee for Islamabad Airport operations
- Cash-strapped Pakistan wants to generate revenue to speed up privatization push
- Consortium bids to pay government 47% of revenue from operations as concession fee
KARACHI: A Turkish consortium, the sole bidder to take over the operations of Pakistan’s Islamabad airport, has offered a concession fee below the minimum threshold, the chairman of the bid evaluation committee said on Thursday.
The cash-strapped South Asian country is looking to generate revenue by speeding up a privatization push, including outsourcing the running of three major airports.
The consortium, comprising Terminal Yapi, ERG Insaat and ERG UK, bid to pay the government 47% of its revenue from operations in the form of a concession fee, short of the 56% minimum set by the government, the aviation and airports authority said.
The matter will now be referred to the International Finance Corporation (IFC) — a member of the World Bank Group, which is advising Islamabad on the outsourcing — before Pakistan takes a decision on whether the bid can go through.
“The details of the financial proposal will ... be presented and forwarded to the IFC for further evaluation and submission of final reports,” said Sadiq ur Rehman, the chairman of the bid evaluation committee and deputy director general of Pakistan Airports Authority.
Pakistan is also looking to offload a 60% stake in debt-ridden airline PIA to raise funds and reform state-owned enterprises as envisaged under a $7 billion International Monetary Fund program.
A failed attempt to privatize the national flag carrier in October also received a single offer, well below the asking price.
India’s network of extrajudicial killings and kidnappings has spread globally, says Pakistan
- The Washington Post published report on India’s “methodical assassination program” to kill Pakistani nationals in Pakistan
- There are other countries too that have supported our position and have seen India’s foreign activities, says foreign office
ISLAMABAD: Pakistan’s foreign office spokesperson reacted to a report this week by The Washington Post about India carrying out assassinations in neighboring Pakistan, saying that New Delhi’s network of extrajudicial killings has spread globally.
The Washington Post published a report on Dec. 31 on a “methodical assassination program” employed by India’s Research and Intelligence Wing (RAW) intelligence agency since 2021 to kill at least a half dozen people deep within Pakistan.
The report examined six cases in Pakistan through interviews with Pakistani and Indian officials, the militants’ allies and family members, and a review of police documents and other evidence collected by Pakistani investigators.
“We have seen that India’s network of extrajudicial killings and kidnappings has spread globally now,” Mumtaz Zahra Baloch, the foreign office spokesperson, said in response to a question during a news briefing. “There are other countries too that have supported our position and have seen India’s foreign activities. They are concerned about these activities, especially the killings of foreign nationals on foreign soil.”
The report and Pakistan’s reaction to it comes amid tense relations between India and Canada hitting new lows in 2023 after the Canadian government said it was investigating a link between Indian government agents and the killing of a Sikh separatist leader, Hardeep Singh Nijjar, on Canadian soil.
New Delhi denies involvement in Nijjar’s killing, and “strongly” rejected Canada’s allegations.
Pakistan has repeatedly blamed India for sponsoring “terrorism” on its soil, blaming the country for arming and aiding militants in southwestern Pakistan, where it alleges New Delhi is targeting its economic partnership with China.
“Pakistan has raised expressed serious reservations over extrajudicial killings carried out by India’s intelligence agencies within Pakistan,” the spokesperson said.
Nuclear-armed India and Pakistan have fought two of three wars after independence from British rule in 1947 over the disputed former princely state of Kashmir. The first war was fought in 1947, the second in 1965, and a third, largely over what became Bangladesh, in 1971.
