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Pakistan


Reko Diq Case I: an indictment against ICSID
Pakistan has suffered at the hands of an unaccountable and defective dispute resolution mechanism at the hands of the ICSID, and following the examples of India, South Africa and Brazil, should never have become a part of the ICSID.
‘Pakistan China Free Trade Agreement (FTA): where we are and where we are going?’
The recently signed second phase of FTA between China and Pakistan yields a splendid opportunity for the two nations.
World Bank ruling against Pakistan shows global economic governance is broken
Abolishing ISDS won’t solve all of the problems of global economic governance. But it seems a very good place to start.
Pakistan seeks convening of TIFA meeting
Pakistan will seek engagement with the United States in the economic and trade arena, while emphasizing the need for early convening of the next round of Trade and Investment Framework Agreement (TIFA).
Pakistan and World Bank Settlement of Investment Disputes – Do not pay the unfair fine; oppose the unjust decision of ICSID
This is a story of the dodgy deal by a multi national company and then earning massive amount of money through a World Bank institution acting against developing countries.
ICSID penalty
In the Reko Diq case registered by Tethyan Copper Company, the dollar-starved Pakistan has been slapped a penalty way beyond its reach by the World Bank-sponsored ICSID.
ICSID declares SC verdict in RPPs case ‘arbitrary’
The International Centre for Settlement of Investment Disputes (ICSID) has declared that the Supreme Court of Pakistan’s judgment in the rental power projects case is ‘arbitrary’.
Indonesian delegation to arrive soon for FTA talks
Indonesian Ambassador to Pakistan stressed the need for enhancing bilateral relations with Pakistan, particularly in the fields of trade, culture, education and people-to-people contacts.
Government decides to challenge award
The Pakistan government has decided to challenge the award ICSID award that includes $4.08 billion penalty and $1.87 billion interest.
Pakistan fined Rs950 bn in Reko Diq case
The International Center for Settlement of Investment Disputes (ICSID) of World Bank has rendered almost $6 billion (Rs950 billion) award against Pakistan in Reko Diq case.
Pakistan, Iran to discuss trade proposals today
A high level Iranian delegation is reaching Islamabad on a two day visit to attend Pak-Iran Joint Trade Committee and discuss three proposals for trade with Iran.
Free trade talks with Indonesia next month
Pakistan and Indonesia are set to hold talks over the conversion of Preferential Trade Agree­ment (PTA) to Free Trade Agreement (FTA) next month, as the respective ministries have started their homework in this regard.
IMF deal, CPFTA-II may hit manufacturing sector
The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country’s already poorly performing manufacturing sector.
Rental power plant: Escrow account created to avert negative ruling
The Government of Pakistan has reportedly created an Escrow Account worth $ 150 million to avert a negative ruling by the international arbitration tribunal in case of M/s Kakey uriterium rental power plant
Pak-Brazil Free Trade Agreement to open hub for bilateral trade: Claudio Lins
Brazilian Ambassador to Pakistan said Pakistan and Brazil were working on free trade agreement which would turn the region into a hub for the Brazilian traders and investors.
FTA with China will be a challenge for industries: Dawood
The second phase of free trade agreement (FTA) with China was not going to be easy as no market research was conducted before finalising the agreement.
Pakistan for early convening of next TIFA round
Pakistan has sought an intensified engagement with the US in the economic and trade cooperation, emphasising the need for early convening of next round of Trade and Investment Framework Agreement (TIFA).
Thailand forwards 100 tariff lines to include in proposed FTA
Thailand has forwarded a list of 100 products to Pakistan to include in the proposed free trade agreement (FTA) with the South East Asian country.
Free trade agreement phase-II signed between Pakistan, China in Beijing
Pakistan and China on Sunday signed the second phase of the Free Trade Agreement (FTA) to further enhance bilateral trade between the two countries.
Pak-China FTA to be signed on April 28: Chinese envoy
Free Trade Agreement (FTA) Phase II between Pakistan and China would be signed on April 28, during the visit of Prime Minister Imran Khan to China.