Pakistan wins stay over $6b penalty in Reko Diq case


ISLAMABAD: The World Bank's International Centre for Settlement of Investment Disputes has granted stay on the enforcement of penalty imposed on Pakistan in the Reko Diq mining lease dispute.

In a statement in Islamabad, the office of Attorney General for Pakistan described the development as a success for the country and its legal team.

In July last year, an international arbitration tribunal of the ICSID had slapped nearly six billion dollars penalty on Pakistan for denying a mining lease to an Australian company.

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