As the rest of the country was watching the Raymond Davis saga unfold, President Asif Ali Zardari took an unannounced trip to Dubai to find an answer to the country’s economic woes.
He visited the Gulf state for a couple of hours a few days ago to seek the intervention of the UAE leadership for the payment of $800 million that Etisalat owed to Islamabad for the country’s largest privatisation transaction — Pakistan Telecommunication Company Limited — Dawn has learnt.
Etisalat has been holding back payment of about $800 million, of the $2.8 billion PTCL’s privatisation proceeds for about four years because of a dispute with the Pakistan government over legal transfer of land and property titles.
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