DPM invites UAE firms to invest in Pakistan’s telecom sector

On Tuesday, Senator Mohammad Ishaq Dar, the Deputy Prime Minister (DPM) and Minister of Foreign Affairs, invited Etisalat and e&, the multinational technology group, to invest more in Pakistan’s telecom industry while stressing the country’s favorable investment regulations.
The CEO of the United Arab Emirates’ (UAE) e& group, formerly known as Etisalat, met with Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday, inviting the business to increase its investment in the nation’s telecommunications industry.
“e&,” which owns 26% of the shares, is the management of PTCL. The Government of Pakistan owns the majority of the shares (62%) and the PSX has floated the remaining 12 percent.