This is the fourth year into the privatization deal that granted 26% shares of the PTCL to the UAE’s leading telecom operator, Etisalat worth $2.6 billion. It is reported that $ 1.4 billion have been paid and $1.2 billion still stand ‘out-standing’.

Etisalat to pay $800 million by March: minister

DUBAI (January 28 2010): Pakistan will receive a payment of $800 million by the end of March from the UAE’s Etisalat for a stake in Pakistan Telecommunication Co (PTCL), Minister of Privatisation Waqar Ahmed Khan said on Wednesday.
In 2006, Etisalat, the Gulf Arab region’s second-largest telecom firm, signed an agreement to purchase a 26 percent stake in PTCL for $2.6 billion, but so far only $1.4 billion has been paid, due to problems linked with a transfer of 3,000 real estate units.
The company is milking money out of this country in profits and is still to pay the nominal amount against which operational rights were transferred to Etisalat.
May Allah bless this country! God knows what is the status of payment for the KESC.