Pakistan Weighs Arbitration Against UAE's Etisalat Over $800M
Pakistan is looking at taking international arbitration against UAE-based Etisalat. The dispute is over an unpaid USD 800 million linked to the sale of PTCL shares since 2005. Most properties have been transferred, but some still remain outstanding. The step is still being evaluated.
Context
Context: PTCL is Pakistan's biggest fixed-line telecom firm, and Etisalat bought a major stake in it in the mid-2000s. Disputes over unpaid share sale payments often go to international arbitration rather than local courts.
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