ISLAMABAD – Pakistan PM Imran Khan pays special thanks to TurkishPresident Tayyip Erdogan.

Prime Minister Imran Khan on Monday said PTI Government, with the help ofTurkish President Recep Tayyip Erdogan, has amicably resolved the Karkeydispute.

In a tweet, he said Pakistan saved 1.2 billion dollars penalty imposed byInternational Centre for Settlement of Investment Disputes.

linkImran Khan✔@ImranKhanPTIlinklink

PTI Govt, with the help of President Erdogan, has amicably resolved theKarkey dispute and saved Pak USD 1.2 billion penalty imposed by ICSID.23.1K link8:30 PM – Nov 4, 2019linkTwitter Ads info and privacy link

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The Prime Minister congratulated the government team for doing an excellentjob in achieving this.

Earlier, the International Centre for Settlement of Investment Disputes(ICSID), an arm of the World Bank which offers arbitration and conciliationservices for governments and private foreign investors disputes, had givenits decision in favour of Turkish firm Karkey Karadeniz Elektrik Uretim andimposed a fine of $1.6 billion on Pakistan.

Karkey had registered a claim with the ICSID against Pakistan in 2013 forviolation of their contract of as many as $564.6 million for a period offive years, for building rental power plants in Karachi.