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Pakistan

Karkey files another $2.1b damages claim against Pakistan
11-Feb-2014
Karkey Karadeniz Electricity Production Corporation (Karkey) has filed a memorial to the World Bank’s International Centre for Investment Disputes (ICSID) claiming $2.1 billion damages against government of Pakistan.
Malaysia-Pakistan FTA to be reviewed by month-end, says Mustapa
11-Feb-2014
Malaysia and Pakistan will review the free trade agreement (FTA) between both countries by month-end, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Second largest SAARC partner hungry for Lankan exports, FTA trade
8-Jan-2014
Sri Lanka’s second largest trade partner in SAARC, Pakistan, is hungry for more Lankan exports in the coming year-while also closely looking at Sri Lanka’s sugar sector for entry.
Mauritius keen to sign free trade accord
28-Dec-2013
Mauritius is keen to develop economic relations with Pakistan and enter into a free-trade agreement (FTA) to tap the bilateral trade potential, Mauritius Deputy Prime Minister Dr Ahmad Rashid Beebeejaun said on Saturday.
LPG firm’s investor seeks compensation
28-Dec-2013
A shareholder from the United Kingdom of the company Progas Pakistan has initiated international arbitration proceedings of $573 million against Pakistan for alleged expropriation of its LPG infrastructure in Karachi and the government has decided to vigorously contest the case.
No assurance on MFN from Pak
12-Nov-2013
No assurance was given by the Pakistan government on Tuesday for granting India the Most Favoured Nation trade status, almost a year after it missed the deadline to do so in order to normalise bilateral trading relations.
Govt to cough up Rs90m for ICSID case
8-Nov-2013
The federal government, which is facing financial crisis and seeking loans from IMF and other financial institutes, is willing to pay Rs90 million to a Pakistani law firm to plead its case in an international court.
Pakistan seeks amendment in ICSID’s order
2-Nov-2013
Pakistan has landed in hot waters following the provisional decision of ICSID (international court for settlement of investment disputes) announced on October 16 which says that government of Pakistan should allow the Karkey’s vessel based power generation unit to move from Karachi port, as Supreme Court’s verdict is quite vivid that says that unless and until Karkey gives $ 128 million to Pakistan it cannot be allowed to leave the port, Pakistan Observer has learnt reliably.
ICSID rejects Karkey’s claim against Pakistan
2-Nov-2013
Giving official reaction to the claim of Turkish firm Karkey Karadeniz ElektrikUretim regarding release of a power vessel, a senior official in the Attorney General’s office on Tuesday said that the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID) had rejected Turkish company’s Rental Power Project (RPP) Karkey claim against Pakistan.
Trade: Pakistan, Indonesia PTA comes into effect
31-Aug-2013
Indonesia and Pakistan have agreed to formally activate the Preferential Trade Agreement with effect from September 1 (Sunday), ensuring greater market access to their products.
Pakistan: Bilateral investment treaty model
27-Aug-2013 Dawn
Keen to attract direct foreign capital, the government of Pakistan has evolved a ‘model template’ that would serve as the basis for negotiations for future bilateral investment treaties.
Bilateral FTA talks with Thailand likely
22-Aug-2013
Pakistan and Thailand on Wednesday agreed to start formal talks on striking a deal on a free trade agreement (FTA) to double the bilateral trade from $1 billion to $2bn until 2015.
Pakistan, Thailand eye free trade agreement
21-Aug-2013 Express Tribune
Pakistan and Thailand on Tuesday expressed the resolve to build a strong economic partnership, double their trade volume to $2 billion in the next five years and eventually enter into a free trade agreement (FTA).
FTA draft handed over to Nepal: Dar
21-Aug-2013 Business Recorder
Pakistan Senator Ishaq Dar said that a draft of the Free Trade Agreement between Pakistan and Nepal was handed over to the Nepalese side during the sixth session of Pakistan-Nepal Joint Economic Commission.
Why (not) so serious?: US keen to revive Bilateral Investment Treaty
1-Aug-2013 Express Tribune
The United States has asked Pakistan to take the Bilateral Investment Treaty ‘seriously’, as Islamabad plans to bring all domestic stakeholders on board before entering negotiations.
Russia may sign PTA or FTA with Pakistan
29-Jul-2013
The Russian Federation, which ratified its accession to World Trade Organisation (WTO) a few days ago, may also agree to sign a Preferential Trade Agreement (PTA) or a Free Trade Agreement (FTA) with Pakistan.
Karkey serves Rs33b damage notice on Pakistan; Approaches ICSID against water and power ministry
20-Jul-2013
The Turkish power firm Karkey Karadeniz Elektrik Uretim (KKEU) has approached the Washington based International Centre for Settlement of Investment Disputes (ICSID) against Pakistan’s water and power ministry and also served a Rs33billion damage notice on the ministry, sources said on Wednesday.
‘Promotion of SAARC trade top priority’
15-Jul-2013
Promotion of trade among SAARC countries is one of the top priorities of the government, said Federal Minister for Finance Senator Mohammad Ishaq Dar talking to Air Chief Marshal Jayalath Weerakkody High Commissioner of Sri Lanka.
Turkish firm Karkey files $700m claim on Pakistan
18-Jun-2013 The News
A Turkish power generation company has filed a case against the Pakistan government at ICSID for compensation of losses worth 700 million dollars
Reko Diq finally abandoned by Canadians, TCC
10-May-2013
Tethyan Copper Company (TCC), a joint venture between Canada’s Barrick Gold and Chilean miner Antofagasta, has given up hope of eventually mining Reko Diq, a disputed but promising copper-gold project in Pakistan’s poorest region, Reuters news agency reported on Wednesday.