The government is seeking avenues to ensure that it is granted a stay on the enf…


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The government is seeking avenues to ensure that it is granted a stay on the enf... 3

The government is seeking avenues to ensure that it is granted a stay on the enforcement of $5.9 billion penalty during pendency of proceedings of annulment of the award imposed against Pakistan by the International Centre for Settlement of Investment Disputes (ICSID) for terminating Reko Diq mining contract in Balochistan.

The Attorney General's office has said that it had filed a request on Nov 8, 2019 for the annulment of the award rendered by the ICSID on July 12, 2019, in the matter of the Tethyan Copper Company (TCC) versus Pakistan.

Alongside the request for annulment, Pakistan had also requested a provisional stay on enforcement of the award, which was granted on Nov 18, 2019, it said. Presently, the ICSID award has been stayed which means that the TCC is not allowed to pursue any ongoing enforcement proceedings or initiate new ones.

#DawnToday

The government is seeking avenues to ensure that it is granted a stay on the enf... 7


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3 Comments

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  1. Well thanks to old administration for putting us in this case and for some percentage gave the lose to the country

  2. This is public property of pakistan…. On which ethical and legal ground govt deal upon…. And compromise on max benift

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