Advisor to the Prime Minister on Information Technology Latif Khosa has clarified that there is no ambiguity in Privatization of Pakistan Telecommunication Limited (PTCL) and its Privatization was totally transparent and fair.
During briefing to National Assembly Standing Committee on Information and
Technology here the other day, he said, no one can offer such amount, which
was offered by ETISLAT for Privatization of PTCL in 2005.
26 Percent shares of PTCL were sold to ETISLAT in March 2005, he said,
adding that, 9 companies were interested in Privatization of PTCL out of
which 3 including ETISLAT of UAE, China mobile of China and Singa Tale of
Singapore were short listed.
ETISLAT offered 2.59 billion, China mobile 1.40 billion and Singa Tale 1.16
for 26 Percent share of PTCL, he said. Government of Pakistan, he said, has
majority shares in PTCL. PTCL is providing best services and facilities to consumers, he said.
