ISDS Case Map
Pakistan
Pakistan and Tunisia are negotiating for a preferential trade agreement to improve bilateral trade between the two countries.
Special note was made of suggestions to increase bilateral trade and investment between the two parties.
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for enhancing bilateral trade between the two countries, a top official of the Ministry of Commerce said.
The government of Pakistan would not be made liable for private investor disputes. Alternative dispute resolution mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
Pakistan and Iran have decided to strike a deal on trade despite slow or no progress regarding the implementation of a payment mechanism and the Iran-Pakistan gas pipeline project.
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
Senior government officials have claimed that the International Centre for Settlement of Investment Disputes (ICSID) overlooked Pakistan’s claim of corruption while deciding in favour of Karkey Karadeniz Elektrik Uretim over a rental power project (RPP) dispute.
The arbitral tribunal of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) has rendered an arbitral award of $700 million against Pakistan.
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.
Financially-strapped Pakistan has been imposed with a staggering $700 million in a damages suit by the International Centre for Settlement of Investment Disputes (ICSID) regarding rental power plants case.
