Payment of damages to Broadsheet - News Summed Up

Payment of damages to Broadsheet


Broadsheet reportedly took recourse to litigation when the government delayed implementation of the agreement. Pakistan agreed to settle with Broadsheet but ended up giving $1.5 million to the wrong person. Pakistan had to pay about $30 million straightaway to Broadsheet. Have the NAB and Assets Recovery Unit retrieved more looted wealth from abroad than the foreign exchange expended on the activity? There is a need for a cost benefit analysis, all the more so when the country faces a severe foreign exchange crunch.


Source: Pakistan Today August 03, 2021 18:33 UTC



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