However, since now a sovereign guarantee has finally been invoked, the government would be an international defaulter if the IPPs do not withdraw the case in the international tribunal. It is worth noting that no government in Pakistan has ever won a case in arbitration filed by IPPs. The cost of fighting the case in international tribunals is very high.

Published in The News, 10th March, 2017.

https://www.thenews.com.pk/print/191250-Successive-govts-keep-taking-popular-economic-decisions