Pakistan constitutes special tribunal to resolve telecom disputes ‘much faster’ 

In this photograph taken on September 9, 2013, a Pakistani boy talks on his mobile phone at a market in Islamabad. (AFP)
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Updated 03 January 2024
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Pakistan constitutes special tribunal to resolve telecom disputes ‘much faster’ 

  • Tribunal to deal with appeals against Pakistan Telecommunication Authority’s decisions
  • It is expected to resolve over a decade-old dispute between Pakistan and UAE’s Etisalat 

KARACHI: Pakistan has constituted a specialized tribunal to resolve legal disputes related to the country’s telecom sector “much faster,” Caretaker Information Technology (IT) Minister Dr. Umar Saif confirmed on Wednesday. 

The tribunal will deal with appeals that arise out of the Pakistan Telecommunication Authority (PTA) in the exercise of its powers. The Telecommunication Appellate Tribunal will feature technical experts who will give their decision on appeals filed by aggrieved parties holistically and speedily, as per the draft bill of the ordinance for the tribunal. 

The tribunal would help lessen the burden of Pakistani high courts in the adjudication of technical matters, the statement of objects and reasons of the draft bill said. 

“Telecom sector disputes and cases will now be handled by a specialized tribunal, instead of high courts,” Saif wrote on social media platform X. “This will help resolve legal issues much faster and help us move this sector forward rapidly.” 

Pakistan and UAE telecommunications company Etisalat are also locked in a dispute that dates back over a decade involving a pending $800 million bill from the privatization of the Pakistan Telecommunication Company Limited (PTCL). 

An Etisalat consortium bought 26 percent stakes in PTCL for $2.6 billion in 2005 which gave the Emirati telecom giant majority voting rights. The UAE operator owned 90 percent of the acquiring consortium, giving it a 23.4 percent share in PTCL. 

Etisalat paid an initial $1.80 billion as per the deal, which also included transferring ownership of the properties to PTCL from the government. It was due to pay the remaining $800 million in six twice-yearly installments of $133 million, however, the UAE telecom giant withheld the payment due to the dispute over the mutation of some 34 out of 3,500 properties destined for PTCL. 

Pakistani officials have said in the past that the remaining properties could not be handed over due to ownership complications and the value of these properties would be deducted from the amount Etisalat owes. The dispute remains unresolved since 2005. 

In response to a question about the resolution of the dispute with Etisalat, Saif, in October 2023, told Arab News the government would establish a telecom tribunal to resolve disputes and cases suffering from court delays. 


Pakistan pitches digital finance reforms to foreign fintech investors

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Pakistan pitches digital finance reforms to foreign fintech investors

  • Khurram Schehzad highlights progress on digital banking and plans for regulating blockchain and virtual assets
  • Visiting delegation welcomes policy clarity, sees scope for long-term investment and partnerships in Pakistan

KARACHI: Pakistan on Saturday pitched its digital finance and fintech reforms to foreign investors as part of a broader effort to attract capital after macroeconomic stabilization, with a senior official highlighting progress on digital banking, payments infrastructure and regulatory overhaul.

The outreach came as Islamabad seeks to sustain reform momentum following a period of economic stress, positioning technology-led financial inclusion as a pillar of its recovery and growth strategy while courting international investors.

Khurram Schehzad, adviser to the finance minister, briefed a delegation of international fintech investors on Pakistan’s reform agenda and digital growth plans at a meeting in federal capital, according to a statement from the finance ministry.

“Consistent policy implementation and structural reforms have strengthened macroeconomic fundamentals and improved Pakistan’s investment outlook,” he said, highlighting the “renewed global confidence” in the economy.

Officials said the discussions focused on the government’s Digital Pakistan Vision, including efforts to expand digital payments, build public digital infrastructure and digitize government transactions to widen financial inclusion and formalize the economy.

Schehzad cited the role of Raast, Pakistan’s instant payment system, which enables real-time, low-cost and interoperable digital payments nationwide, as well as regulatory reforms introduced by the State Bank of Pakistan to modernize retail digital banking.

Under the new framework, easypaisa Digital Bank has been operational for nearly a year, while Mashreq Digital Bank has also begun operations, with several other digital banks moving toward launch, the statement said.

The adviser also outlined Pakistan’s plans to develop a regulatory framework for blockchain, Web3.0 and virtual assets, saying authorities were engaging with global platforms to support innovation while ensuring compliance and investor protection.

The investor delegation was led by John Sfakianakis, chairman of Fintech Solutions Holding, alongside the company’s chief executive Kirill Smolin, and was facilitated by local technology firm Tech Avenue.

The investors welcomed the “clarity of reforms and policy direction,” saying Pakistan’s combination of macroeconomic stabilization, digital infrastructure and emerging technologies offered opportunities for long-term investment and strategic partnerships, the finance ministry said.