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Pakistan must pay a total of US $ 5.840 Billion including interest to TCC in damage : ICSID

I think there have been more severe problems than this case to deal. I am telling this from an academic perspective and not a biased Indian, i think there would be more serious cases of corruption if things are audited properly. Many things the previous gov. would have done will be in the shadows. You guys need a dramatic turnaround and an excellent economic advisor to get you out of this crisis. Maybe try for India ex RBI chief Raghuram Rajan , the guy who predicted 2008 crisis. :-)
Nope they require visionaries like ManMohan Singh (1992 FM, RBI head) and PV Narasimha Rao who was ready to take the risk
 
So if Pakistan refuses to pay, it won't suffer any consequences aside from lack of will in to invest on part of mining companies? I think that's a sacrifice worth making. Mining companies mine raw materials for dirt cheap prices and the third world country loses so much potential value of its raw materials. It reminds of the robbery European countries like France do with Africa.

You can not refuse to pay. In case you don't pay World Bank shall add this amount to Pakistan's foreign debt.

Then .nawaz came.and did nothing to settle it. One NRO to another NRO what awam will get? Nothing now awam has to pay $6 billion sooner or later

The facts don't support your point of view. You are obsessed with Nawaz Sharif.

The case was decided by supreme court of Pakistan in 2011. After which the grieved party approached international arbitration court in 2012. Nawaz Sharif came to power in 2013. What could he do in this case?
 
You can not refuse to pay. In case you don't pay World Bank shall add this amount to Pakistan's foreign debt.

There is only one way to settle this daylight robbery. Bring the culprits who made this deal to the court of law. We know who they are.

The onus is now on the government of Pakistan to deal with this matter swiftly. This is a golden opportunity to put pressure on the enemies of Pakistan. That includes PML-N and PPP.
 
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You can not refuse to pay. In case you don't pay World Bank shall add this amount to Pakistan's foreign debt.



The facts don't support your point of view. You are obsessed with Nawaz Sharif.

The case was decided by supreme court of Pakistan in 2011. After which the grieved party approached international arbitration court in 2012. Nawaz Sharif came to power in 2013. What could he do in this case?

Nothing which he did he said in his video that when come in power till one year we dont know what to do. He totally neglected this case he could have prepare well aa sitting govt or could approach to the grieve party. I am obsessed with NRO's party.
 
Roughly what Pakistan expects from IMF. Not bad. Considering their demand of 12 billions. Now Pakistan can auction the mine and get some real cash.
 
So now international courts/tribunals have jurisdiction over judgments of local courts of a country?

When contracts are cancelled on suspicious or based on irregularly given and when there is no proof of evidence of corruption(bank wire details, arrests and convictions of corrupt persons) then yes, international courts do have jurisdiction.
Failing which rating agencies will downgrade Pakistan which will make getting loans for companies who want to invest in Pakistan costlier. Same will go for Pakistani companies along with curtailing abilities of GoP to raise dollars in international market.
 

It will be nice to go back to the news archives and see how mindlessly all sections of Pakistan's population agitated against the removal of the stupid CJP Iftikhar. He had no business in poking his nose in affairs like privatization etc. The Musharraf era was the cleanest and most efficient 10+ year era of Pakistan where Pakistan not only managed to undo the damage caused by the Lost Decade of the 1988-1999 years but at one point even refused to accept an IMF scheduled payment.
It's only in last few years that people are realizing how they were conned by this con-artist of a judge. Haramkhor is probably enjoying a nice pension and other perks which come to a retired CJ of Pakistan.
 
You are factually incorrect and are as vindictive as you are claiming the ex CJoP to be. As far as it has been mentioned no investment had been made to develop the mine. Only exploration and "preparation of a bankable Feasibility Study". That is 6.67% of the what they claim they would have invested over the years. The royalties were far lower than the next comparable mine located at Chagai (I have erroneously referred this as Reko Diq in my previous post). Moreover, the ore would have simply been shipped off. The contract was not awarded by Musharraf but by the caretaker government that took over when he stepped down.

Hon Sir,

Ex CJ Iftikhar Mohammad Chaudhry was a megalomaniac and attention seeker who took ‘Judicial Activism’ to an unprecedented level in Pakistan’s history due to his ‘Suo Motto’ actions and his directives even on such mundane things like fixing the price at which sugar should be sold in the market!.

(https://www.dawn.com/news/494036 )

I am not the only one who dislikes the ex CJ, many among the lawyers do as well. For example

“A number of senior lawyers have been critical of former chief justice Iftikhar Muhammad Chaudhry for passing judgments which in ensuing years have caused headaches for policymakers and concern for international investors. “Why would international investors come to invest Pakistan when your local courts are passing judgment without considering the prevailing circumstances,” said a senior lawyer”

Full article: https://tribune.com.pk/story/1896993/1-pakistan-makes-final-push-reko-diq-settlement/

I am therefore surprised at your implied defence of the ex-CJ and calling me ‘Vindictive’. Did I hit a raw nerve?
I never met Justice Chaudhry personally, my views about him and his policies are based entirely upon what I have read and heard in the media. I would, therefore, give reference to the media wherever possible. For example according to an article in the Guardian:

“Pakistan's chief justice Iftikhar Chaudhry suffers public backlash"

Critics speak out against outgoing influential judge, who is accused of meddling in politics for personal aggrandizement”

https://www.theguardian.com/world/2013/aug/28/pakistan-judges-backlash-ftikhar-haudhry

My post only described my general feeling about him without going into the details. Admittedly, I do not like the Ex CJ as I would anybody who in my opinion has done great harm to Pakistan. You have also brought up the issue of factual accuracy.

According to the best of my info, the original contract was signed in July 1993 between BHP Billiton & Baluchistan Gov’t. BHP later sold her interests to the Tethyan Copper Company (TCC) who had been awarded a license for the “exploration” in the Reko Dig Area in 2006.

An article was published in 'Pakistan Today' in 2010.

The Reko Diq scandal

BY IKRAM SEHGAL, (LAST UPDATED NOVEMBER 23, 2010)

https://www.pakistantoday.com.pk/2010/11/23/the-reko-diq-scandal/

TCC’s contract was eventually declared null & void in 2013. TCC then took the case to the international arbitration court claiming that it had invested more than $500-million in exploration and feasibility studies

Another article published in Dawn in 2015.

Analysis: Reko Diq’s billion-dollar mystery

Syed Shoaib Hasan
Updated January 23, 2015

Earlier, the Supreme Court, in an order passed in January 2013, had declared void the Chagai Hills Exploration Joint Venture Agreement (CHEJVA) signed between the Baluchistan government and Australian mining company BHP in 1993. “

Full article - https://www.dawn.com/news/1158808

Admittedly it was a bad contract; however, the mere fact that the contract favors one party more than the second does not justify arbitrary cancellation of the contract.

Pakistan has been fighting the case since then and after spending nearly $16-million in legal expenses, the end result is a penalty of $4-billion plus interest charges of $1.87-billion, with zero income from the supposed huge Reko dig mine.

Naturally, you are free to defend the person who caused the loss of $5.87-billion to Pakistan. I would, however, continue to curse all who are responsible for causing grievous harm to Pakistan’s economy in pursuit of their personal glory.

I have nothing else to say on this subject.
 
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Musharaf ban iftikhar chaudry then fat hero came forward to lift the ban of iftikhar chaudry and made deals with him to give decision on his favors etc if we just search on google news link will come up.

In destruction of Pakistan nawaz directly or indirectly involve.
 
There is only one way to settle this daylight robbery. Bring the culprits who made this deal to the court of law. We know who they are.

The onus is now on the government of Pakistan to deal with this matter swiftly. This is a golden opportunity to put pressure on the enemies of Pakistan. That includes PML-N and PPP.

It will be interesting to see how Imran ignores Zardari's treasonous past, while having ample evidences of his acts of sabotage.
I personally don't count Zardari rule any less then invasion of TTP, which was also in same time.
I think this unexpected issue is going to expose the covert Imran - Zardari alliance, which is good for Pakistan.

Musharaf ban iftikhar chaudry

Musharraf being president of Pakistan, signed rustication note of Iftikhar Chodary. Charges on Ifti were of corruption, miss use of authority etc.
 
It will be interesting to see how Imran ignores Zardari's treasonous past, while having ample evidences of his acts of sabotage.
I personally don't count Zardari rule any less then invasion of TTP, which was also in same time.
I think this unexpected issue is going to expose the covert Imran - Zardari alliance, which is good for Pakistan.



Musharraf being president of Pakistan, signed rustication note of Iftikhar Chodary. Charges on Ifti were of corruption, miss use of authority etc.

I still remeber when police was outside.of nawaz sharif residency and media was like nawaz sharif will use back door to come on street and free ifitkhar chaudry etc. Zardari and nawaz written their stories of corruption on the face of Pakistanis now govt decided.to go against the decision if we fail be ready to pay more taxes. This public deserve what is coming to them. They voted NRO people and expect pakistan will develop idiots.
 
Here is a video where Lucman is exposing CJP Iftikhar. Didn't know that his son was posted at Reco Diq and that Iftikhar had some personal grudge against that project? And also look at people's comments--some are finally admitting that they were wrong to have sided with Iftikhar. A national suicide was done to have such inept people supported by so many millions. Don't just blame the politicians. Blame the whole society! Lucman apparently not in the mindless group who supported the Bhainga Judge!! Kudos for some sanity.

 
Here is a video where Lucman is exposing CJP Iftikhar. Didn't know that his son was posted at Reco Diq and that Iftikhar had some personal grudge against that project? And also look at people's comments--some are finally admitting that they were wrong to have sided with Iftikhar. A national suicide was done to have such inept people supported by so many millions. Don't just blame the politicians. Blame the whole society! Lucman apparently not in the mindless group who supported the Bhainga Judge!! Kudos for some sanity.


Media really made this public fool with helpnof politicians to free this iftikhar
 
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