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BRIEFING - ASIA TELECOMMUNICATIONS - JAN 1, 2002.
An executive briefing on the telecommunications industry for Jan 1, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, asia-based wire with exclusive news, commercial intelligence and business opportunities.
IMF SETS DEADLINE FOR PRIVATIZATION OF PAKISTAN'S PTCL, UBL
ISLAMABAD - The International Monetary Fund (IMF) has given deadline of May 31, 2002 to the government to privatize Pakistan Telecommunication Company Limited (PTCL) and the United Bank Limited (UBL).
According to officials, all necessary arrangements are currently being made to make sure that both PTCL and the UBL are disinvested by May 31.
PAKISTAN TELECOMMUNICATION CO TO TAKE $2.5 MLN IN PAKNET SHARES
ISLAMABAD - Pakistan Telecommunication Company Limited has decided to invest an aggregate sum of Rs150 million (US$2.5 million) in 15 million ordinary shares of Rs10 each in Paknet Limited, a wholly-owned subsidiary of the company.
The decision was made at the 6th annual general meeting of the PTCL held on Dec 31, 2001 held under chairman Akhtar Ahmed Bajwa.
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