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

[Dubious]

@maximuswarrior and @Alternatiiv refrain from foul words and fighting in public!

 

[Norwegian]

Iftikhar Muhammad Chaudhry’s verdict in the Reko Diq case was the first in a series of events that led to the massive award.

Retrieve 6 billion dollars from this Haram Khor and parties he supported

 

[God Parshuram]

Sad. This is a very big amount. If Pakistan doesn't pay it, its FDI will end and there shall be strict action against Pakistan. Pakistan should find a way out.

 

[Norwegian]

Sad. This is a very big amount. If Pakistan doesn't pay it, its FDI will end and there shall be strict action against Pakistan. Pakistan should find a way out.

Don't worry. We will take another 6 billion dollar loan from IMF

 

[God Parshuram]

Best of luck.

 

[Lincoln]

Sad. This is a very big amount. If Pakistan doesn't pay it, its FDI will end and there shall be strict action against Pakistan. Pakistan should find a way out.

1. Government will likely appeal it to let linger for more years. Not sure if it's a possibility.

2. If not then, fine would have to be paid over 5-10 years I imagine, so still...

 

[TechMan]

So now international courts/tribunals have jurisdiction over judgments of local courts of a country?

 

[kmc_chacko]

I know some Indians lack the intellectual capability to understand literally anything, so I will make it simple for you.

I was quoting some members and their stupid comments on here.

And loan package is $6 billion from IMF, not $38 billion.

my fault, i forgot that i was discussing things in PDF.

IMF package to bring $38bn from other creditors
https://www.dawn.com/news/1492216

I was referring to above loan package .

 

[The Eagle]

At least check out existing discussion before posting new thread & help to maintain information at single place please. Threads with similar topic/discussions are merged.

Regards,

 

[kmc_chacko]

Pakistan will appeal against the verdict as per the local news which will linger the case for few more years.

are you optimistic about verdict will be in favour of Pakistan if appealed ?

 

[BL33D]

1. Government will likely appeal it to let linger for more years. Not sure if it's a possibility.

2. If not then, fine would have to be paid over 5-10 years I imagine, so still...

Well then the interest would only grow and your ratings would be downgraded and that would cause in depreciation of rupee and the amount will only grow. A bad mix.

 

[lightoftruth]

Will impact PKR and a lot more.

 

[Hamza913]

This is what happens when you use riba.

 

[Khafee]

Dont we have any lawyers on this forum, who could give us a better insight, into the next course of action?

 

[BL33D]

Dont we have any lawyers on this forum, who could give us a better insight, into the next course of action?

If you lose the appeal dont you have to bear the expenses of the opposing party in International Agencies ?