• Download the Constitution of Pakistan
  • Advertise
Tuesday, June 17, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Uncategorized

Pakistan’s $6 Billion Reko Diq Penalty Might Get Annulled After Arbitrator Found Guilty

by Web Desk
June 16, 2020
in Finance
Reading Time: 1 min read
0
Share on FacebookShare on TwitterLinkedinWhatsapp

       The possibilities of Pakistan’s $6 billion punishment in the Reko Diq case to be deferred off have gotten a noteworthy lift. It is appropriate to take note of that ICSID has repealed an honor just because of the mediator’s absence of fair-mindedness and freedom. Following the turn of events, Pakistan has indeed thumped on ICSID’s entryway for the cancellation of the $6 billion punishment in the Reko Diq case.

       Pakistan’s lawful group Allen and Overy LLP had additionally recently applied for the preclusion of the Bulgarian referee from the council however neglected to persuade the ICSID. In July 2019, the ICSID had forced a $6 billion punishment on Pakistan following the Supreme Court’s choice in 2011 which denied the mining lease of Tethyan Copper Company (TCC), a consortium of Chilean and Canadian organizations, for the Reko Diq venture.

    ICSID had reasoned that Pakistan unlawfully invalidated the rent of TCC and disregarded the Australia-Pakistan respective venture arrangement. Reko Diq, a modest community in Chagai, Balochistan, has the greatest gold and copper stores in Pakistan. Once completely created, 250,000 ounces of gold and 200,000 tons of copper can be extricated from the mines every year for the following 50 years.

Tags: reko diq
Web Desk

Web Desk

Related Posts

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

by Haris Ali
June 13, 2025
0

On June 13, 2025, the Sindh government unveiled the Budget 2025-26, announcing a series of financial relief initiatives for its...

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

by News Publishing
June 11, 2025
0

The federal cabinet approved a 10% pay raise for federal employees and a 7% pension boost for pensioners during its...

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

by News Publishing
June 4, 2025
0

The Government of Pakistan is expected to present the federal budget for the fiscal year 2025-26 on June 10, with...

Aurangzeb to chair Pakistan Crypto Council meeting today

Aurangzeb to chair Pakistan Crypto Council meeting today

by News Publishing
June 2, 2025
0

A meeting of Pakistan Crypto Council will be held in Islamabad today (Monday) with Finance Minister Muhammad Aurangzeb in the...

Pakistan unveils first govt-led Strategic Bitcoin Reserve

Pakistan unveils first govt-led Strategic Bitcoin Reserve

by News Publishing
May 29, 2025
0

In a groundbreaking move, Pakistan has officially launched its first government-led Strategic Bitcoin Reserve, marking a significant step in the...

IMF PAK

Pakistan Gets $1.023B from IMF, Begins 2025-26 Budget Talks

by Anum Arif
May 14, 2025
0

Islamabad – Wednesday, 14 May 2025:The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second...

Next Post
Usman Ahzaz an Entrepreneur

Usman Ahzaz Mufti - A Visionary Entrepreneur

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters