-INDIAN GOVERNMENT: Pak ex-PM says Indian Telecom safe investment.

0 Comments | M2 Presswire, October, 1998

M2 PRESSWIRE-27 October 1998-INDIAN GOVERNMENT: Pak ex-PM says Indian Telecom safe investment (C)1994-98 M2 COMMUNICATIONS LTD RDATE:271098 A Washington-based firm, headed by former World Bank senior vice-president and one-time interim Prime Minister of Pakistan, Moeen Qureshi, has invested in India's cellular communications industry.

Mr Qureshi is co-chairman of the firm Emerging Markets Partnership, which manages four funds with a total of $ 4.6 billion devoted to seeking profits amid emerging-market turmoil. Defying Mr Qureshi's initial scepticism, the first Asia Fund (a pool of $ 1.1 billion) has put one-fifth of its money into India, says the 'Washington Post'. He was upbeat about the fund's prospects for profiting from them with partners such as Bell...

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