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.


’Ugly’ England aim to spin their way to World Cup semis ahead of Pakistan clash 

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’Ugly’ England aim to spin their way to World Cup semis ahead of Pakistan clash 

  • England stuttered with the bat, finishing at 146-9 in their Super Eight clash against Sri Lanka last week
  •  A win over Pakistan today will be enough to see the 2010 and 2022 T20 World Cup champions into semis

SRI LANKA: England are yet to catch fire at the T20 World Cup, but they won’t mind one bit if another “ugly” win secures Harry Brook’s side a semifinal berth with a game to spare.

England bowled out Sri Lanka for 95 on Sunday to open their Super Eights campaign with a 51-run win.

With the Pakistan-New Zealand clash on Saturday being washed out, a win against Pakistan on Tuesday at the same stadium will be enough to see the 2010 and 2022 T20 World Cup champions into the last four.

England again stuttered with the bat and were restricted to 146-9 by Sri Lanka on Sunday.

“We know that we can play a lot better,” all-rounder Liam Dawson told reporters after the win, in comments only made public on Monday.

“But at the end of the day in tournament cricket, you just need to get the win, however ugly.”

England’s bowlers came to the rescue for the third time in the tournament, after also defending below-par totals against Nepal and Italy.

“The fight we’ve shown with the ball shows that this team is in a very good place,” said Dawson.

Pakistan possess a dangerous spin attack, featuring a unique weapon in Usman Tariq and his pronounced pause before he releases the ball.

But Dawson said England would fight fire with fire with their own potent slow-bowling arsenal.

England captain Brook also has speedster Jofra Archer, the hit-the-deck-hard Jamie Overton and left-arm swing bowler Sam Curran as the seam options.

England’s flexibility enabled Will Jacks to open the bowling with his off-spin on Sunday and destroy Sri Lanka’s top order.

He returned figures of 3-22 in tandem with Archer, who removed both opening batsmen, to leave Sri Lanka in tatters at 34-5 at the end of the six-over power play.

England’s variety offers Brook endless options, said Dawson who bowls left-arm spin, as does Jacob Bethell.

“We’re all very different types of spinners. Jacksy gets very good over-spin, very good bounce.

“Dilly (wrist spinner Adil Rashid) has all these variations and me, I’m probably more of a defensive spinner and that’s my role. I’m just trying to be consistent for the captain.

“Adil can use all of his tricks and he comes on to get wickets and get us back in games or put us ahead in games.

“Obviously, Jacks, he’s been brilliant. He’s exploited conditions here very well.

“And I think the way Brookie captained today was phenomenal, how he used us all differently.”

But Dawson cautioned that the wicket on Tuesday night could play very differently to the tacky slow track they encountered on Sunday, which had sweated under covers after days of rain in Kandy.

“Obviously, a different challenge on Tuesday at a night game. It could be a better wicket. We’ll have to wait and see what happens.”