ISDS Case Map
Pakistan
The United States has said that the introduction and enforcement of Intellectual Property Right (IPR) laws and the resolution of existing investment disputes in Pakistan can expedite a bilateral investment treaty between the two countries.
Humayun Akhtar Khan, federal commerce minister, who arrived here Monday from New York on a week-long visit said that Pakistan offers lucrative investment and trade opportunities and urged US businessmen to take a full advantage of the country's conducive environment.
U.S. Trade Representative Robert B. Zoellick and Pakistan Minister for Commerce Humayun Akhtar Khan announced today that their two countries would begin negotiations on a bilateral investment treaty (BIT).
The three-day meeting of the South Asian Association for Regional Cooperation (SAARC) sub-group on Investment and Arbitration beginning today in Kathmandu seeks to further the understanding among member states to set up an investment regime and adopt a dispute settlement mechanism in order to increase economic cooperation throughout the region.
The first meeting of the Pak-US Business Council established under the Trade and Investment Framework Agreement (TIFA) signed by Pakistan and the United States of America will be held in Washington on September 28.
US and Pakistani presidents reviewed progress in the global war on terror and pledged to continue working together. President George Bush expressed appreciation for Pakistan's efforts in this area.
Kuwaiti Foreign Minister Dr Sheikh Mohammed Sabah Al-Salem Al-Sabah, Pakistani Foreign Minister Khurshid Mehmood Kasuri and Gulf Cooperation Council (GCC) General Secretary Abdul Rahman bin Hamad Al-Attiyah, will sign a framework economic agreement between Pakistan and the GCC states tomorrow (Thursday).
Pakistan is among dozens of countries with whom the United States is seeking to sign, or has already signed, a bilateral investment treaty (BIT) as part of a calculated strategy to bypass the WTO where it finds little hope of any agreement on investment and other Singapore issues being clinched in the foreseeable future.
The United States has offered Pakistan a bilateral investment treaty, provided the country enforces intellectual property rights, anti-money laundering law and creates conducive regulatory environment, says Alan P Larson, US Under Secretary of State for Economic, Business and Agricultural Affairs.
Pakistan and the United States will soon sign a bilateral investment treaty. Officials at the Board of Investment (BoI) disclosed this at a meeting with Alan Larson, the US under secretary, who called on Dr Hafeez Shaikh, federal minister for privatisation and investment, on Monday.
