PTCL Privatization Clarified: Agreement Was Between Government of Pakistan and Etisalat Group
Officials from the Privatization Commission clarified on Monday that the privatization of Pakistan Telecommunication Company Limited (PTCL) was finalized in 2006 through an international agreement between the Government of Pakistan and the Etisalat Group, rather than directly with PTCL.
The clarification was provided during a session of the National Assembly Standing Committee on Information Technology and Telecommunication, where it was confirmed that the Sale Purchase Agreement (SPA) involved the sale of 26% shares and was negotiated solely between the government and Etisalat. PTCL did not participate in the negotiations, as it was not a party to the agreement.
PTCL’s Role and Oversight
Officials noted that PTCL operates under the Ministry of IT and Telecommunication, and any further sensitive details regarding the SPA could only be disclosed with authorization from the ministry—potentially in a closed-door session for privacy and security reasons.
Focus on Coordination and Transparency
Committee member Sadiq Memon emphasized the importance of improved coordination between the Ministry of IT and the Privatization Commission, pointing out that better communication is vital for effective governance in such matters.
PTCL Group Highlights Tech Innovations
Joining the session remotely, Hatem Bamatraf, President & CEO of PTCL Group, provided an overview of the group’s technological advancements, including its growing focus on 5G technology, digital transformation, and the use of artificial intelligence (AI). He also highlighted the strong and evolving economic ties between Pakistan and the UAE.
Sensitive Issues to Be Discussed In-Camera
Given the confidential nature of the SPA, the committee opted to defer discussions on PTCL’s assets. It was decided that the matter would be reviewed in an in-camera meeting at a later date to ensure compliance with official protocols.
