thenews.com.pk 19 Sep, 2020 06:00 am

Reko Diq stay order ‘a great relief’

Reko Diq stay order ‘a great relief’
By News DeskISLAMABAD: Members of Prime Minister Imran Khan’s cabinet have termed a World Bank tribunal’s granting of a stay order on the $6 billion penalty against Pakistan in the Reko...

September 19, 2020 Home Today's Paper Top Story Reko Diq stay order ‘a great relief’: Asim Top Story September 19, 2020 By News Desk ISLAMABAD: Members of Prime Minister Imran Khan’s cabinet have termed a World Bank tribunal’s granting of a stay order on the $6 billion penalty against Pakistan in the Reko Diq case “a great relief” and a “big success”.On Friday, China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa said the stay order “is a great relief” and announced Prime Minister Imran Khan has ordered accelerating efforts to develop the minerals sector in Balochistan.He said the Prime Minister had ordered fully supporting the Balochistan government for accelerating development in mineral sector “in a transparent manner and structured system”.In July last year, an international arbitration tribunal of the the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal had slapped nearly six billion dollars penalty on Pakistan for denying a mining lease to an Australian company, Radio Pakistan reported.

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