EIB Considers Reko Diq Investment Amid Delays
May 1, 2026
Etisalat is reviewing its PTCL stake as part of a global portfolio strategy, raising potential exit concerns but no final decision yet.
Etisalat is reportedly reviewing its investment in Pakistan Telecommunication Company Limited as part of a broader global portfolio reassessment, raising the possibility of a future exit from Pakistan’s telecom sector.
Sources indicate that the review remains at a preliminary stage, with no final decision taken. Officials suggest the move is driven by global macroeconomic uncertainty, geopolitical tensions, and evolving capital allocation strategies among Gulf investors, rather than Pakistan-specific concerns.
PTCL stated it is unaware of any changes in shareholder plans, noting that its long-term business strategy has recently been approved. Despite mixed ownership, PTCL remains strategically significant, with the government holding around 62 per cent stake, while Etisalat controls 26 per cent with management authority.
The development comes as PTCL recently returned to profitability following its acquisition of Telenor Pakistan, after facing sustained losses in previous years.
Officials emphasised that Pakistan retains alternative investment pathways through Gulf Cooperation Council partners, including Saudi and Qatari investors, ensuring stability in case of any portfolio shift.
The review reflects broader global investment trends, with the UAE reassessing foreign assets to optimise returns and maintain financial resilience.
