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Etisalat ready to invest in IT, telecom sectors

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The Chief Executive Officer (CEO) Etisalat International, Hatem Dowidar here on Thursday reaffirmed to have evaluation of properties completed soon and expressed readiness to further invest in IT and Telecom sector in Pakistan.

The affirmation was made during his meeting with Federal Minister for Finance and Revenue, Shaukat Tarin, said a press statement issued by the finance ministry.

During the meeting, both the sides agreed to proceed ahead for resolution of all outstanding issues between Etisalat and the Privatization Commission in a spirit of goodwill.

Earlier, the Finance Minister underscored the significance of resolving outstanding issues between Etisalat and the Privatization Commission and moving ahead for a sustainable solution.

He emphasized on fair evaluation of properties at the earliest, the statement added.

Tarin also highlighted prospects of foreign investment in Pakistan especially in IT and Telecom sector which is growing rapidly, adding that the government was providing conducive environment and incentives to attract foreign investment.

He said the United Arab Emirates (UAE) was one of the major economic partners of Pakistan and his country attached great value to the brotherly relations with the UAE and intends to further strengthen business and trade linkages between the two countries.

Among others, the meeting was attended by Federal Minister for Privatization Muhammadmian Soomro, Chairman Privatization Commission, Secretary Finance and other senior officers.—APP

 

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