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The Reko Case:
BY MUNIR AHMEDASSOCIATED PRESS
Published 4:15 PM GMT+8, September 18, 2020
ISLAMABAD (AP) — An international tribunal granted a stay pending a final decision on a $5.8 billion penalty imposed on Pakistan for denying a mining lease to an Australian company, an adviser to Pakistan’s prime minister said Friday.
Pakistan had appealed the penalty imposed by the World Bank’s International Center for Settlement of Investment Disputes, and has said it would hinder the country’s handling of the coronavirus pandemic. The case is testing Prime Minister Imran Khan’s ability to use back-channel diplomacy to settle disputes and keep alive efforts to lure more foreign investors to his impoverished country.
The fine, nearly $6 billion including the damages award and interest, would be equal to about 2% of Pakistan’s GDP and is on a par with a $6 billion bailout package the country secured last year from the International Monetary Fund. Experts have questioned the reasoning behind the huge award, which is more than double the size of the largest similar arbitration award in a case between Dow Chemical and Kuwait Petrochemical Corp.
Maybe FT should have a look too and also have a good look at the next article:
www.aljazeera.com
fukim
The Reko Case:
BY MUNIR AHMEDASSOCIATED PRESS
Published 4:15 PM GMT+8, September 18, 2020
ISLAMABAD (AP) — An international tribunal granted a stay pending a final decision on a $5.8 billion penalty imposed on Pakistan for denying a mining lease to an Australian company, an adviser to Pakistan’s prime minister said Friday.
Pakistan had appealed the penalty imposed by the World Bank’s International Center for Settlement of Investment Disputes, and has said it would hinder the country’s handling of the coronavirus pandemic. The case is testing Prime Minister Imran Khan’s ability to use back-channel diplomacy to settle disputes and keep alive efforts to lure more foreign investors to his impoverished country.
The fine, nearly $6 billion including the damages award and interest, would be equal to about 2% of Pakistan’s GDP and is on a par with a $6 billion bailout package the country secured last year from the International Monetary Fund. Experts have questioned the reasoning behind the huge award, which is more than double the size of the largest similar arbitration award in a case between Dow Chemical and Kuwait Petrochemical Corp.
Maybe FT should have a look too and also have a good look at the next article:

Is Pakistan’s $7bn IMF bailout package in trouble?
Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.
fukim