ISDS Case Map
Pakistan
Pakistan and Azerbaijan are working on a preferential trade agreement, which will lower customs tariffs and improve bilateral trade, announced Azerbaijani ambassador to Pakistan.
An UAE-based trading and investment firm has filed a lawsuit before the Sindh High Court worth around Rs 74 billion against the State Bank of Pakistan and a private bank for BIT breach, local media reported.
Iran and Pakistan are going to implement a free trade agreement within the next three months, Iranian Industry, Mining, and Trade Minister announced.
Trade between Pakistan and Thailand could be balanced if the government of Pakistan tackles the hurdles efficiently, particularly the delay in signing a free trade agreement (FTA), said acting Thailand Consul General Paoyee Waesahmae.
The process of dialogue between the two countries had been slowing down during the COVID- 19 pandemic period, the ambassador of Thailand to Pakistan said.
Under the new template, federal government would not be liable for private investor disputes. Mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
Pakistan will renegotiate all bilateral investment treaties (BITs) on the basis of new BIT template being finalised by the government, a top official of the Board of Investment said.
Turkish construction company Bayindir filed a claim under the 1995 Turkey-Pakistan bilateral investment treaty at the ICSID on October 12.
Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates and Oman, a Pakistani official said on Sunday, as talks with the Gulf Cooperation Council remain stalled.
Kenya and Pakistan have ended a long-standing tariff war that hurt trade between the two countries, mainly Kenyan tea exports.
