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 publishedin *The News, Jang *and *Geo* on January 2 regarding internationalarbitrations in which the Government of Pakistan is a party, especiallypertaining to Reko Diq, Karkey and Independent Power Producers (IPPs) andtermed it as ‘entirely false and misleading’.
The news report in leading English/Urdu daily had claimed thatInternational Centre for Settlement of Investment (ICSID) had issued someaward against Pakistan in the Reko Diq case.
The AGP in a statement said that the report is entirely false as no awardhas been given nor any fines imposed on Pakistan till date and the reportcause panic and unnecessary alarm in the public.
“It is entirely untrue that an Award has been issued against Pakistan, letalone an Award of $4 billion. The Award, in this case, is not expected forat least 6-8 months,” the statement added.
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The AG further clarified that the case Karkey v. Pakistan was also beingadministered by ICSID and legal processes are ongoing.
The Attorney General said that not even a single IPPs case was beingadministered by ICSID, and hence such false news is regrettable.
The statement further said that it was also completely false that “theflights of national flag carrier will not be allowed a touchdown untilpayment of the fine in question on time”.
