There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
According to a senior Pakistani government official, Etisalat will take over management of PTCL in February after payment of $1.14 billion as per the revised transaction structure approved by Pakistan's Cabinet Committee on Privatisation (CCOP) on Friday.
"The CCOP meeting chaired by the Prime Minister approved the amended transaction structure for privatisation of PTCL," the official told Khaleej Times yesterday. "The meeting also approved a plan to offload up to 25 per cent of class 'A' shares in PTCL through competitive bidding over the next five years," the official said. Etisalat would be offered the option to acquire those shares through a right to match the highest bid. Under the revised payment schedule, Etisalat will immediately pay about $1.14 billion of the $2.6 billion deal, which it agreed to pay for a 26 per cent stake in June last year. The remaining $1.19 billion will be paid by Etisalat biannually in nine equal installments. The installment structure would be fully backed by corporate guarantees to be furnished by Etisalat.
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
Salama Alfalacy is into realistic art featuring landscapes and wildlife, while Meera Jamal Al Midfa is setting new grounds in performance art and filmmaking
Dubai Police have asked drivers to be extra cautious
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Dubai Police have asked drivers to be extra cautious
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
Dubai Police have asked drivers to be extra cautious
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres