ISDS Case Map
Pakistan
Pakistan is developing a comprehensive package for the promotion of bilateral trade with Saudi Arabia.
The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
China wants no more damage to Pakistan in bilateral trade which is why the former has offered to re-initiate the stalled talks on Free Trade Agreement-II in February 2018.
Japan, Indonesia, Vietnam, the Philippines in the Pacific region are among the countries in the list to start a dialogue on Preferential Trade Agreement (PTA) which will pave the way towards FTA for promoting trade liberalization.
Last year, Pakistan won a case against the UK-based shareholder of Progas Pakistan in the International Centre for Settlement of Investment Disputes.
A Joint Feasibility Group will work to formalize the FTA within six months’ period.
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues.
The two-day Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor sets the stage for the second phase of the multibillion-dollar cooperation between the two nations.
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for focusing on enhancing the bilateral trade between the two countries, a top official of Ministry of Commerce said.
