Pakistan fined $1.6b as Turkish RPP firm wins arbitration case

[doe33]

You people have the habit of washing the soap before hands.
It would help you to stop humiliating yourself, if you read what you post first.

According to sources, in March 2017, Pakistan offered to give compensation of Rs700 million to Karkey through the Turkish government. Both the respective governments are in negotiations with the company, said sources.

Seems your bogus media houses messed it up by itself..
BTW it's in dollars..700 Million dollars damage suit along with wasted project costs.. BTW Who am I to infiltrate in a matter of rich people!!

https://tribune.com.pk/story/1511129/international-litigation-pakistan-slapped-700m-fine-rpp-case/

"Raheel Kamran Sheikh, an executive member of the Pakistan Bar Council, said it was a matter of concern that Pakistan’s success rate in international arbitration cases was 2 per cent, while India’s success rate was 60 per cent."

 

[sankranti]

Maybe higher than pole, deeper than hole friend china can "gift" them the money ?

Have they tried asking china yet ?

Sadly NO chinese have come to this thread offering help. I wonder why

Have you swallowed what Admiral Gorshkov served you.

Are you talking about THIS ? ......... thank you for asking. Its doing Fabulous.

 

[xyxmt]

Go ahead swallow it ....Indian.

This is a rat eat rat world

 

[litman]

till the time "sher" and "bhutto" are alive pak cant move ahead. congratulations pakistanis. next time must vote for them again.

 

[Windjammer]

Seems your bogus media houses messed it up by itself..
BTW it's in dollars..700 Million dollars damage suit along with wasted project costs.. BTW Who am I to infiltrate in a matter of rich people!!

https://tribune.com.pk/story/1511129/international-litigation-pakistan-slapped-700m-fine-rpp-case/

"Raheel Kamran Sheikh, an executive member of the Pakistan Bar Council, said it was a matter of concern that Pakistan’s success rate in international arbitration cases was 2 per cent, while India’s success rate was 60 per cent."

Whatever, the matter is being discussed by the respective governments, the project was costly and if it went ahead then it would end up like Indian Bofors gun fiasco.....and the irony is when some one in Pakistan makes a statement, it's like the Indians have found their prized cow but when when Indians stand there with dead Rats in their mouth.....it's just a gimmick....get a life losers.

 

[AnnoyingOrange]

There

ISLAMABAD: The International Centre for Settlement of Investment Disputes (ICSID), an arm of the World Bank which offers arbitration and conciliation services for governments and private foreign investors' disputes, has given its decision in favour of Turkish firm Karkey Karadeniz Elektrik Uretim and imposed a fine of $1.6 billion on Pakistan, sources informed Geo News on Wednesday.

Karkey had registered a claim with the ICSID against Pakistan in 2013 for violation of their contract of as many as $564.6 million for a period of five years, for building rental power plants in Karachi.

The contract was struck down in the Supreme Court decision by then-Cheif Justice Iftikhar Chaudhry in 2012 on a petition by Pakistan Muslim League-Nawaz leader Khawaja Asif and Faisal Saleh Hayat, which called for shutting down all rental power projects in the country.

According to sources, in March 2017, Pakistan offered to give compensation of Rs700 million to Karkey through the Turkish government. Both the respective governments are in negotiations with the company, said sources.

https://www.geo.tv/latest/158948-pak-fined-16bn-as-turkish-firm-wins-icsid-case

There goes another 10% of Pakistan foreign currency reserve.... all because of poor contracts signed by Government.

 

[Windjammer]

Maybe higher than pole, deeper than hole friend china can "gift" them the money ?

Have they tried asking china yet ?

Sadly NO chinese have come to this thread offering help. I wonder why

The pole was certainly Chinese and the hole that got bruised at Doklam was certainly Indian....but then the Indians are accustomed to getting kicked in their backside....most probably cleared the cobwebs.
Before you mischief yourself....neither is this the final decision nor as you losers hope is Pakistan bankrupt.

Are you talking about THIS ? ......... thank you for asking. Its doing Fabulous.

Off course Basanti would be happy after Mr Moscow screwed her for around $2 Billion.

 

[doe33]

There

There goes another 10% of Pakistan foreign currency reserve.... all because of poor contracts signed by Government.

The level of denying is so high here

Off course Basanti would be happy after Mr Moscow screwed her for around $2 Billion.

You couldn't afford to get screwed..
It's maintenance cost=Your whole defence budget...

 

[kaykay]

There

There goes another 10% of Pakistan foreign currency reserve.... all because of poor contracts signed by Government.

10%? Really? Lolz

 

[Grevion]

Oh my......
Kaha se laoge paisa??

 

[Windjammer]

The level of denying is so high here


You couldn't afford to get screwed..
It's maintenance cost=Your whole defence budget...

Stop screwing your self and instead of being obsessed with Pakistan, get to know your own realities first.

http://www.indiatvnews.com/entertai...on-camera-with-unknown-russian-woman-417.html

 

[Khatri_pune]

According to sources, in March 2017, Pakistan offered to give compensation of Rs700 million to Karkey through the Turkish government. Both the respective governments are in negotiations with the company, said sources.

Rs. 700 Millions.............. PKR............ are you serious??????? its close to 7 million USD........
Who are you kidding????

 

[doe33]

Stop screwing your self and instead of being obsessed with Pakistan, get to know your own realities first.

http://www.indiatvnews.com/entertai...on-camera-with-unknown-russian-woman-417.html

How is it even relevant here??
People do lots of sh!t.. Nothing special to brag on about it..
You are too coward to accept that you get humiliated on every front on world stage..

 

[Areesh]

Oh my......
Kaha se laoge paisa??

Paisa to hum nai 1 rupiya bhi nahi daina laikin bharation ki apnai pita shree kai liye fikr daikh kar khushi hoyi.

 

[Code_Geass]

What

ISLAMABAD: The International Centre for Settlement of Investment Disputes (ICSID), an arm of the World Bank which offers arbitration and conciliation services for governments and private foreign investors' disputes, has given its decision in favour of Turkish firm Karkey Karadeniz Elektrik Uretim and imposed a fine of $1.6 billion on Pakistan, sources informed Geo News on Wednesday.

Karkey had registered a claim with the ICSID against Pakistan in 2013 for violation of their contract of as many as $564.6 million for a period of five years, for building rental power plants in Karachi.

The contract was struck down in the Supreme Court decision by then-Cheif Justice Iftikhar Chaudhry in 2012 on a petition by Pakistan Muslim League-Nawaz leader Khawaja Asif and Faisal Saleh Hayat, which called for shutting down all rental power projects in the country.

According to sources, in March 2017, Pakistan offered to give compensation of Rs700 million to Karkey through the Turkish government. Both the respective governments are in negotiations with the company, said sources.

what the .... how many such decisions was given by Ch, Iftikhar without foreseeing such consequences, i wonder how much we will have to pay on riko dek case..

i accept contracts must have been awarded against the interest of Pakistan but decisions by Ch Iftikhar have/will cost us so much more money.