PTCL Bidding-Saturday, June 18, 2005

Islamabad, June 17, 2005

Three pre-qualified bidders namely Etisalat (United Arab Emirates), China Mobile (China), Singtel (Singapore) have deposited their earnest money of US$ 40 million each with the Privatisation Commission as of June 16, 2005. By virtue of this deposit, these bidders are now eligible to participate in the bidding for PTCL to be held on June 18, 2005. This level of interest and commitment by bidders of international repute speak volumes of the economic progress of Pakistan and investor friendly policies of the Government.