ISDS Case Map
Pakistan
Pakistan’s previous policy, initiated in 2021, sought to terminate its bilateral investment treaties to avoid further ISDS cases by international investors.
Pakistan has negotiated to include a graduated approach for settlement of investment disputes between the state and investors.
Pakistan and United Arab Emirates (UAE) are likely to sign Comprehensive Economic Partnership Agreement (CEPA) on the lines of FTA with GCC countries.
In Pakistan, the Special Investment Facilitation Council gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality.
Pakistan has emerged triumphant in the arbitration initiated by Tuwairqi Steel against the federation at the Permanent Court of Arbitration in The Hague, Netherlands.
Pakistan concluded a settlement agreement with Ozpak, a Turkish company, in longstanding arbitration proceedings pending in the International Centre for Settlement of Investment Disputes.
Saudi Commercial Attaché in Pakistan said the Kingdom’s officials were currently assessing advancements in the initial Free Trade Agreement.
The Chinese government has agreed to consider a request to amend the existing Free Trade Agreement, supply trade finance in yuans and provide loans to assist industry relocation to Pakistan.
Pakistan and Saudi Arabia have reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council.
These directions were issued after threadbare discussion with Saudi Arabia and Qatar which are insisting on the option of international arbitration in a template of Bilateral Investment Treaty.
