Reko Diq Case: An expected out of court settlement between Pakistan and TTC

[Shane]

Does it mean Nawaz Sharif will now be allowed to leave?

Does it mean you are reduced to one liners yet again?

 

[AZ1]

Dont know how much mess IK has to fixed and still na shukri awaam say bad things. Worse na shukri

 

[PakSword]

No

There's a reason Pakistan is worried and negotiating. Merely saying 'no' will not help.

 

[VCheng]

“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday.

It would be wise to wait for an actual settlement before celebrations.

 

[Haris Ali2140]

Lot of people on this forum ridiculed Imran Khan for his honesty, why he had to be so blunt about Pakistan's economic situation in front of the world.

Now the fruits of that truthfulness are showing - it's because he explained the reality, that these companies had to settle .

Anything built going forward on this genuine base will be stronger than ever.

No No its because Imran Khan is a yahoodi agent installed bu Israel and USA for India.

 

[KhanBaba2]

How can international institutions waive off Karkey's dues.

 

[Syed1.]

How can international institutions waive off Karkey's dues.

Jalli pe burnol lagao

 

[KhanBaba2]

Jalli pe burnol lagao

He who laughs last laughs the loudest.

 

[Turingsage]

It would be wise to wait for an actual settlement before celebrations.

Its gone through the courts and the award has been calculated and awarded by the international court recognised by both parties, Pakistanis are being fed lies being asked to believe mere words that a company that has won the case is going to let go of $1.2 billion. Just like that. Out of kindness. Its laughable the IK propaganda the Awam buys in Pakistan

 

[Haris Ali2140]

Its gone through the courts and the award has been calculated and awarded by the international court recognised by both parties, Pakistanis are being fed lies being asked to believe mere words that a company that has won the case is going to let go of $1.2 billion. Just like that. Out of kindness. Its laughable the IK propaganda the Awam buys in Pakistan

No one will waive it off. But will agree to a settlement.

 

[KhanBaba2]

No one will waive it off. But will agree to a settlement.

The PTI leader has used the word "Waive".

 

[The Eagle]

How can international institutions waive off Karkey's dues.

Hope the Op will be helpful>

Tethyan Copper Company (TCC) was approached by a financial team empowered by Prime Minister Imran Khan to negotiate an out of court settlement on the $ 6 billion penalty imposed by The International Center of Settlement of Investment Disputes (ICSID). Reportedly, the company has agreed to waive off the penalty if it is given a chance to invest in Reko Dik extraction project again (even on the new terms of the contract).

 

[KhanBaba2]

Hope the Op will be helpful>

Tethyan Copper Company (TCC) was approached by a financial team empowered by Prime Minister Imran Khan to negotiate an out of court settlement on the $ 6 billion penalty imposed by The International Center of Settlement of Investment Disputes (ICSID). Reportedly, the company has agreed to waive off the penalty if it is given a chance to invest in Reko Dik extraction project again (even on the new terms of the contract).

TCC is negotiating from a position of massive strength. It is answerable to the shareholders of Barrick Gold and Antofagasta. There will be a deal because Pakistan cannot afford there not to be a deal. But the deal will be loaded in favour of TCC because anything less will mean that the deal negotiators will be losing their jobs.

 

[The Eagle]

TCC is negotiating from a position of massive strength. It is answerable to the shareholders of Barrick Gold and Antofagasta. There will be a deal because Pakistan cannot afford there not to be a deal. But the deal will be loaded in favour of TCC because anything less will mean that the deal negotiators will be losing their jobs.

Let the deal break in. After all, this is about "Out of Court Settlement". Pakistan will definitely look for a deal like any other nation for own interest however, such matters can't be decided in one sided affair rather parties involved mostly work on T&Cs that can be agreed mutually. However, in the end, Pakistan will be saving from losses.

 

[The Eagle]

I thought Reko Diq and Karkey were two different threads. Did they get merged.

Yes and separating them. However, my post was in regard to Reko Diq.

Karkey

This story is different and let me take you to the thread.