Deputy PM Dar, Etisalat chairman discuss investment, stake in Pakistan’s PTCL

Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar (second right) meets Chairman of Etisalat (e&) and the Abu Dhabi Department of Finance, assem Mohammed Bu Ataba Al Zaabi, in Dubai on January 24, 2026. (Ministry of Foreign Affairs)
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Updated 24 January 2026
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Deputy PM Dar, Etisalat chairman discuss investment, stake in Pakistan’s PTCL

  • The development comes against backdrop of a long-running dispute over PTCL privatization
  • The issue has resurfaced in recent years as Pakistan seeks to advance privatization plans

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar met with Jassem Mohammed Bu Ataba Al Zaabi, chairman of Etisalat (e&) and the Abu Dhabi Department of Finance, and discussed with him investment prospects, including Etisalat’s stake in Pakistan Telecommunication Company Limited (PTCL), the Pakistani foreign ministry said on Saturday.

The planned meeting with the Etisalat chairman comes against the backdrop of a long-running dispute over the privatization of PTCL. The UAE-based telecom group has withheld a final payment of about $800 million linked to its 2005 acquisition of a 26 percent stake in PTCL, citing delays in the transfer of properties included in the deal, a position disputed by Pakistan.

The issue has resurfaced in recent years as Pakistan seeks to revive investor confidence, advance privatization plans and stabilize its finances under a program backed by the International Monetary Fund (IMF).

“The meeting reviewed Pakistan-UAE trade & economic cooperation, explored opportunities to enhance investment, and discussed e&’s pending issues and ongoing engagement in Pakistan, including through its stake in PTCL,” the Pakistani foreign ministry said.

Pakistan and the UAE maintain close political and economic ties, with Abu Dhabi providing critical financial support to Islamabad in recent years through deposits, loans and investment commitments as Pakistan navigates a fragile economic recovery.

“DPM/FM highlighted the Government of Pakistan’s commitment to facilitating investment by the private sector and partner countries, and to further strengthening economic cooperation between the two brotherly countries,” the foreign ministry said after the meeting.

The Pakistani deputy PM arrived in the UAE on Friday on an official visit following his participation in the World Economic Forum in Davos, according to his ministry. He will also hold meetings with other UAE officials during the visit.


Kazakh president in Pakistan on two-day visit to discuss trade, connectivity, bilateral ties

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Kazakh president in Pakistan on two-day visit to discuss trade, connectivity, bilateral ties

  • Pakistan, Kazakhstan share strong ties and strategic partnership, with Islamabad offering landlocked Central Asian republics access to key seaports
  • The visit reflects mutual commitment to transforming historic affinities into robust cooperation, shared desire for peace and progress, Islamabad says

ISLAMABAD: Kazakhstan’s President Kassym-Jomart Tokayev on Tuesday arrived in Pakistan on a two-day official visit to hold talks with the country’s leadership on trade, regional connectivity and bilateral cooperation, according to the Pakistani foreign ministry.

Tokayev is visiting Pakistan, along with a delegation comprising cabinet ministers and high-ranking officials, on the invitation of Prime Minister Shehbaz Sharif, according to the Pakistani foreign ministry.

The visit reflects the strengthening bonds between Pakistan and Kazakhstan, their mutual commitment to transforming historic and cultural affinities into robust cooperation, and their common desire for peace and progress in the region.

Pakistan state television broadcaster footage of PM Sharif and President Asif Ali Zardari welcoming President Tokayev upon arrival at Noor Khan Air Base in the Pakistani garrison city of Rawalpindi on Tuesday evening.

"The visit will provide the two sides an important and timely opportunity to undertake a comprehensive review of bilateral relations, discuss new avenues for broadening cooperation, particularly in trade, logistics, regional connectivity, people-to-people contacts, and explore collaboration at regional and international forums," the Pakistani foreign ministry said.

Relations between Pakistan and Kazakhstan are rooted in shared Islamic heritage and a growing strategic partnership, with Pakistan offering landlocked Central Asian republics access to southern seaports for global trade. Pakistan was among the first countries to recognize Kazakhstan when it gained independence in December 1991 and formally established diplomatic relations with it on Feb. 24, 1992.

The two countries have held regular interactions over the past couple of years on the sidelines of the Shanghai Cooperation Organization (SCO) meetings and other international events. Kazakhstan's Deputy Prime Minister Murat Nurtleu visited Pakistan in September 2025 to discuss economic and trade cooperation with Islamabad.

Islamabad and Astana engage with each other to promote business and political ties via three forums mainly, which are: Bilateral Political Consultations, the Intergovernmental Joint Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, and the Joint Business Council.

According to the government of Kazakhstan, bilateral trade between the two countries amounted to $53.7 million in 2024. Pakistan's main exports to Kazakhstan include citrus fruits, pharmaceutical products, garments, soap, sports equipment and gear and others.

Kazakhstan’s exports to Pakistan primarily include onions and garlic, dried leguminous vegetables, oats, buckwheat and other cereal grains, seeds and fruits of other oil-bearing crops, among others.