Pakistan
The Express Tribune | 21-Mar-2022
In 2019, the ICSID tribunal had given an award over $6 billion against Pakistan to the TCC. At the same time, the London Court of Arbitration also imposed another $4 billion fine on Pakistan.
The Express Tribune | 17-Mar-2022
Washington DC’s District Court has dismissed Pakistan’s motions for stay enforcement of $6 billion award against the country in Reko Diq case.
Ary News | 21-Jan-2022
Pakistan and Tethyan Copper Company (TCC) have agreed over 50 percent shares, likely paving way for averting a multi-billion-dollar fine imposed on Pakistan.
The Express Tribune | 3-Jan-2022
Pakistan federal govt officials tell lawmakers talks under way that may pave way for TCC’s Barrack to resume project.
Geo News | 20-Dec-2021
Pakistan ill-fatedly lost its multi-billion dollar, regarding probably the world’s largest copper-gold deposit.
Business Recorder | 1-Dec-2021
Pakistan and Barrick Gold PLC Canada are said to have started negotiations to settle the dispute on Reko Diq as Antofagasta of Chile is seeking financial settlement of their share in the award of $6 billion.
Devdiscourse | 22-Nov-2021
An UAE-based trading and investment firm has filed a lawsuit before the Sindh High Court worth around Rs 74 billion against the State Bank of Pakistan and a private bank for BIT breach, local media reported.
Business Recorder | 25-Oct-2021
Under the new template, federal government would not be liable for private investor disputes. Mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
Dawn | 22-Oct-2021
Pakistan will renegotiate all bilateral investment treaties (BITs) on the basis of new BIT template being finalised by the government, a top official of the Board of Investment said.
The Express Tribune | 18-Oct-2021
Turkish construction company Bayindir filed a claim under the 1995 Turkey-Pakistan bilateral investment treaty at the ICSID on October 12.