ISDS Case Map
Pakistan
Thailand has already submitted a list of around 200 items to be traded between the two countries under the proposed Free Trade Agreement (FTA), but Pakistan government’s response and progress was waited.
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.
International institutions, through high-level backdoor contacts, have agreed to waive off the $1.2 billion penalty Pakistan has to pay to Turkey’s Karkey, senior lawyer Babar Awan said.
The Adviser to Prime Minister on Finance and the Attorney General for Pakistan are meeting with the company's board.
Australia has refused to offer preferential market access to Pakistan on the grounds that the country has a very limited basket of tradable goods and services.
Pakistan has paid over $100 million to Turkish rental power company Karkey as a penalty out of $800 million, Senator Sherry Rehman has said.
The Senate Special CPEC has opposed setting up CPEC Authority through Presidential Ordinance, arguing that they would not accept any proposal without being presented to Parliament for approval.
