Islamabad, February 10, 2022 (PPI-OT):Federal Minister for Finance and revenue, Mr. Shaukat Tarin, held a meeting with Mr. Hatem Dowidar, Group CEO Etisalat International at the Finance Division today. Federal Minister for Privatization Mohammedmian Soomro, Chairman Privatization Commission, Secretary Finance and other senior officers participated in the meeting.

The Finance Minister Mr. Shaukat Tarin 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 Finance Minister also highlighted prospects of foreign investment in Pakistan especially in IT and Telecom sector which is growing rapidly.

The Government is providing conducive environment and incentives to attract foreign investment, he added. Mr. Hatem Dowidar, CEO Etisalat reaffirmed to have evaluation of properties completed soon and expressed readiness to further invest in IT and Telecom sector in Pakistan. Both sides agreed to proceed ahead for resolution of all outstanding issues between Etisalat and the Privatization Commission in a spirit of goodwill.

In his concluding remarks, the Finance Minister said that the United Arab Emirates (UAE) is one of the major economic partners of Pakistan. Pakistan attaches great value to the brotherly relations with the UAE and intends to further strengthen business and trade linkages between the two countries, he added.

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