ISDS Case Map
Pakistan
The British Virgin Islands High Court ruled in favour of Pakistan in a case initiated by TCC for attachment of assets belonging to the Pakistan International Airlines, as part of its efforts for the enforcement of the Reko Diq award.
Not only are the BITs not necessary for attracting FDI, they have potential costs as well. A case in point is Pakistan, which is a signatory to 52 BITs, but has a rather poor record of attracting FDI.
Delegations from both countries met virtually at the second round of Pakistan-Thailand bilateral political consultations.
Pakistan recorded nearly 70% increase in exports to China in the first quarter of 2021, an official said.
CPEC is an essential component of the Belt and Road Initiative, intended on creating new production sites and trade routes to connect China better with the rest of the world.
Pakistan is looking to intensify trade with neighbor Afghanistan and countries in Central Asia, as it looks to diversify commerce beyond the top players, the nation’s trade adviser said.
The United States and Pakistan agreed to continue the Trade and Investment Framework (TIFA) agreement dialogue and Ambassador Tai expressed desire to build a strong US-Pakistan trade relationship.
Pakistan, which entered into its first BIT with Germany in 1959 — which also was the first BIT ever entered — has concluded 53 BITs with 48 countries.
Pakistan’s Ambassador to the Philippines said he would push for the inclusion of Pakistan in the RCEP to boost trade with the Philippines and other members of the Association of Southeast Asian Nations.
Pakistan is the latest to start withdrawing from international treaties that give corporations the power to sue governments over environmental and public interest regulations.
