Reko Diq: Hafeez will be leaving for London on 14th

Dr Sheikh would then leave for Washington to attend the annual autumn meeting of the International Monetary Fund (IMF) and World Bank (WB). On July 13, 2019, International Center for Settlement of Investment Disputes announced judgment regarding $5.976 billion (Rs 944.21 billion) award against Pakistan in the Reko Diq case. The ICSID awarded.(i) $4.08 billion penalty and; (ii) $1.87 billion interest to Tethyan Copper Company (TCC), a joint venture between Chile 's Antofagasta Plc and Canada 's Barrick Gold, the Chilean miner. In 2012, TCC filed claims for international arbitration before the ICSID of the WB after the Balochistan government turned down a leasing request from the company. The litigation continued for seven years.

Copyright Business Recorder, 2019