ISDS Case Map
Pakistan
Preferential trade agreement between Pakistan and Uzbekistan, bilateral cooperation in other areas including transit trade, customs, banking, trade and investment, transport and other MoUs and agreements will be signed.
Pakistan is all set to sign the Transit Trade Agreement (TTA) with Uzbekistan in Tashkent on July 15, paving the way for having access for its products to the 90 billion dollars market of five Central Asian States.
Republic of Korea Suh Sangpyo has expressed his desire to sign a Free Trade Agreement (FTA) with Pakistan, saying that a FTA is essential for the promotion of bilateral trade.
Since Pakistan is already facing problems in attracting any new investment, it may not be in a position to terminate its bilateral treaties en bloc. Therefore, the only option is to review and renegotiate the scope of existing treaties and enter into any new negotiations with utmost care.
Pakistan and Sri Lanka are exploring ways to enhance the bilateral trade under the Free Trade Agreement between the two countries.
The British Virgin Islands high court rejected the TCC plea for attachment of the Pakistan International Airlines assets but also imposed a $5 million cost as well as $50,000 penalty on the company.
Pakistan's law minister said an out-of-court settlement with a mining company was not out of the question.
The British Virgin Islands High Court ruled in favour of Pakistan in a case initiated by TCC for attachment of assets belonging to the Pakistan International Airlines, as part of its efforts for the enforcement of the Reko Diq award.
Not only are the BITs not necessary for attracting FDI, they have potential costs as well. A case in point is Pakistan, which is a signatory to 52 BITs, but has a rather poor record of attracting FDI.
Delegations from both countries met virtually at the second round of Pakistan-Thailand bilateral political consultations.
