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31st July 2019 Picture of Imran Khan meeting Iranian President Hassan Rouhani during this recent visit to Iran

Pakistan to Face Multi-Billion-Dollar Penalty over stalled Iran Pakistan Gas Pipeline

Pakistan may face an arbitration case from its neighbor Iran, over the $7 billion stalled Iran Pakistan Gas Pipeline Project. As per the reports, Pakistan hired a French law firm, Gide Loyrette Nouel to look at options to deal with an Iranian threat to bring international court action against Islamabad over missed construction deadlines and see if the project can be completed without attracting US sanctions and to explore ways of avoiding being hit with a multi-billion-dollar bill for failure to complete its side of a gas pipeline project with sanctions-hit Iran.

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13th July 2019 Pakistan Lost Reco Diq Arbitration case, ICSID awarded a $4.08 billion penalty and $1.87 billion in interest

Pakistan Lost Arbitration Proceedings. Slapped with a Penalty of $6 Billion in Reko Diq case.

The International Tribunal on Friday issued a 700-page ruling against Pakistan in the Reko Diq case. This Judgment on Friday decided the quantum of final Penalty that Pakistan is liable to pay to TCC. In the judgement in which Pakistan Lost Reco Diq case, ICSID awarded a $4.08 billion penalty and $1.87 billion in interest

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