Prime Minister Imran Khan has directed to form a judicial commission on a penalty of six billion dollars in the Reko Diq case. The commission will investigate into how situation resulted in the penalty and why Pakistan was fined of the huge amount of money while the commission will also determine who incurred a loss to the national exchequer.
Attorney general office has issued a press release in this regard according to which the international court announced the verdict containing several hundred pages yesterday. The press release read that the government of Pakistan has right to use all legal options according to the international laws while the government welcomed the TTC company offer to resolve the issue through negotiation and also welcome all the international investors in the country.
According to the press release has an interest in the development of Reko Diq resources and sees the international agreements with seriousness being as a responsible state while legal rights, protection of interests will be ensured.
The International Center for Settlement of Investment Disputes (ICSID) has announced a huge $5.976 billion (Rs944.21 billion) fine against Pakistan in the Reko Diq case, which is considered one of biggest in ICSID history.
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27 September, 2019