The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Privatisation and Investment Minister Abdul Hafeez Sheikh told a news conference that the winner will have to offer 133 million, or 10 per cent, of the 1.33 billion shares being sold, to PTCL employees at a discounted rate.
Eight international telecom firms are shortlisted to bid for the stake in PTCL, valued at around $1.5 billion based on Friday’s Karachi Stock Exchange closing price of 69.35 rupees.
The government, which currently holds 88 per cent of PTCL, had planned to hold the bidding on June 10, but decided to postpone after employees protested against the privatisation.
“The privatisation process is very important for the development of the country and that’s why we are announcing a new date,” Sheikh told a news conference.
The shortlisted firms include Singapore Telecommunications Ltd, China Mobile, Telekom Malaysia Bhd, Kuwait’s Telecommunications Co, Saudi Oger Limited, Saudi Telecom, Emirates Telecommunication Corporation of the UAE and Turkcell.
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
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
Traffic will be diverted to the opposite side during this period