ISLAMABAD — Top Pakistani official have rejected the media report regrading $4 billion fine to Pakistan Reko Diq by an International Arbitration.
The Attorney General of Pakistan on Wednesday rejected the report published in *The News, Jang *and *Geo* on January 2 regarding international arbitrations in which the Government of Pakistan is a party, especially pertaining to Reko Diq, Karkey and Independent Power Producers (IPPs) and termed it as ‘entirely false and misleading’.
The news report in leading English/Urdu daily had claimed that International Centre for Settlement of Investment (ICSID) had issued some award against Pakistan in the Reko Diq case.
The AGP in a statement said that the report is entirely false as no award has been given nor any fines imposed on Pakistan till date and the report cause panic and unnecessary alarm in the public.
“It is entirely untrue that an Award has been issued against Pakistan, let alone an Award of $4 billion. The Award, in this case, is not expected for at least 6-8 months,” the statement added.
The AG further clarified that the case Karkey v. Pakistan was also being administered by ICSID and legal processes are ongoing.
The Attorney General said that not even a single IPPs case was being administered by ICSID, and hence such false news is regrettable.
The statement further said that it was also completely false that “the flights of national flag carrier will not be allowed a touchdown until payment of the fine in question on time”.