ISLAMABAD: The Attorney General of Pakistan and Power & Finance Division are expected to finalize a strategy on the Karkey dispute as experts in international law urge Pakistan to resolve the dispute through negotiations to avoid high costs.

Bilal Ahmer Sufi, an expert in international law while talking to Business Recorder urged Pakistan to settle Karkey case through negotiations in order to avoid a heavy penalty.

The latest development in Karkey case as on June 1, 2018, is the filing of a memorial on annulment by Pakistan as per the International Center for Settlement of Investment Dispute (ICSID) website. The status of the proceedings is pending.

An official of Power Division on condition of anonymity told this correspondent that the Office of the Attorney General and other relevant ministries/departments are likely meet soon to finalize a future strategy.

Published in Business Recorder, 26th June, 2018

https://epaper.brecorder.com/2018/06/26/1-page/724260-news.html