Pakistan and Saudi Arabia have reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council.
These directions were issued after threadbare discussion with Saudi Arabia and Qatar which are insisting on the option of international arbitration in a template of Bilateral Investment Treaty.
Barrick Gold a mis fin à un différend avec le gouvernement du Pakistan concernant les droits miniers du projet Reko Diq suite à une décision de la Cour suprême du pays.
The Supreme Court declared that the settlement agreement between Canadian mining company Barrick Gold and the government of Pakistan in the Reko Diq mining project is legal.
The government urged all stakeholders to complete pending actions hampering the conclusion of the $900 million settlement deal in the Reko Diq case to avoid a $5.9 billion penalty.
In Pakistan, the provincial assemblies will pass special resolutions, and the parliament will provide constitutional cover to a new binding document — Foreign Investment (Promotion and Protection) Act (FIPPA), 2022.
Two Turkish waste management companies have filed a complaint in the International Centre for Settlement of Investment Disputes (ICSID) seeking a $230 million award against Pakistan