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Islamabad: The Board of Governors of the International Finance Corporation (IFC) has provided assistance to finance the PTCL Group for the acquisition of Telenor Pakistan. The decision sees the PTCL Group sign a share purchase agreement with Telenor Pakistan to acquire 100 percent of the company\u2019s shares in cash, debt-free.<\/span> PTCL has partnered with IFC, a member of the World Bank, to finance the implementation of the agreement. The approval of the financing by the International Finance Corporation (IFC) not only reflects the renewed confidence in Pakistan\u2019s economy but also shows the huge potential of the country\u2019s telecommunications sector.This further demonstrates the international organization\u2019s confidence in the PTCL Group\u2019s capabilities as a leading facilitator in realizing the \u2018Digital Pakistan Vision\u2019.PTCL Group signed a share purchase agreement with Telenor Pakistan to acquire a 100 percent stake in the company in December last year. The deal is one of the most significant developments in the country\u2019s telecom sector.The deal will not only strengthen PTCL Group\u2019s market position but will also transform the country\u2019s telecom and digital sectors by accelerating growth and innovation.The acquisition of Telenor Pakistan by PTCL Group is subject to necessary regulatory approvals.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" Islamabad: The Board of Governors of the International Finance Corporation (IFC) has provided assistance to finance the PTCL Group for the acquisition of Telenor Pakistan. The decision sees the PTCL Group sign a share purchase agreement with Telenor Pakistan to acquire 100 percent of the […]<\/p>\n","protected":false},"author":4,"featured_media":1007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9,96,28,11,95,16,25,98,26,27,13,99,14],"class_list":["post-1006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-culture","tag-digital-pakistan-vision","tag-eye-cancer-center","tag-gold","tag-international-finance-corporation-ifc","tag-international-women-day","tag-light-house","tag-ptcl","tag-research-center","tag-retina","tag-ships","tag-telenor-pakistan","tag-united-states"],"yoast_head":"\n