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Cost of bilateral investment treaties

Recent news that the British Virgin Islands High Court released frozen assets of PIA in the Reko Diq case has come as a big relief for the airline and the country. ....

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SAMAA - Today's outlook: Pakistan's daily coronavirus positivity rate falls to 4.6%

Here are some stories we are expecting to follow today (Wednesday). Interior Minister Sheikh Rasheed is expected to travel to Karachi today on the instructions of PM Imran Khan. Pakistan conducted 59,076 coronavirus tests in the last 24 hours, out of which 2,724 people tested positive. Sixty-five people succumbed to the virus. The positivity rate has been recorded below 4% for a second day. Journalist Asad Toor was brutally assaulted by unidentified men at his home in Islamabad Tuesday night, his friend told SAMAA Digital. The attackers broke into his house and attacked him, his friend and a journalist Asad Malik said.The British Virgin Islands High Court has ordered unfreezing offsho. ....

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SAMAA - Pakistan Stock Exchange trades record 1.56b shares in a day

The Pakistan Stock Exchange recorded an all-time high volume of stocks traded during Wednesday s session amid a positive sentiment due to GDP growth numbers and market-friendly budget expectations. “The market is optimistic due to the positive news relating to the economy,” said Ahmed Lakhani, a senior research analyst. “Especially the GDP growth rate of 3.94% and the development in the Reko Diq case have positively affected the market.” On Tuesday, the British Virgin Islands High Court ordered unfreezing offshore assets of the Pakistan International Airlines in the Reko Diq case. These assets include PIA’s interests in Roosevelt Hotel in New York and Scribe Hotel in Paris. A. ....

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PIA Offshore Assets Unfrozen by British Virgin Islands in Reko Diq Case

PIA Offshore Assets Unfrozen by British Virgin Islands in Reko Diq Case
PIA Offshore Assets Unfrozen by British Virgin Islands in Reko Diq Case
Attorney General’s Office hails decision as ‘great victory’ of Pakistan’s legal team
The British Virgin Islands High Court on Tuesday withdrew orders that had earlier frozen the offshore assets of Pakistan International Airlines as part of a settlement in the ongoing Reko Diq dispute, giving control back to the airline.
“Pakistan has won the BVI [British Virgin Islands] case initiated by TCC [Tethyan Copper Company] to enforce the ICSID [International Center for Settlement of Investment Disputes] award,” announced the Attorney General’s Office, adding that all ex-parte orders obtained by TCC had been set aside. ....

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SAMAA - Reko Diq case: British Virgin Islands court unfreezes PIA assets

The British Virgin Islands High Court has ordered unfreezing offshore assets of the Pakistan International Airlines in the Reko Diq case, the office of the Attorney General of Pakistan confirmed Tuesday. The court has recalled its December 2020 orders to attach certain PIA assets in the Reko Diq case against Pakistan. These assets include PIA’s interests in Roosevelt Hotel in New York and Scribe Hotel in Paris. ....

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