Pakistan’s petition for a review in the Reko Diq case, in which the country was slapped with a $6 billion fine, has been approved by the World Bank’s International Center for Settlement of Investment Disputes (ICSID). Former Advocate General of Balochistan Amanullah Kazani said that the company (Tethyan Copper Company) did not carry out any exploration since 1994 and they kept the findings to themselves. “The company had to submit a 100 [square] kilometres feasibility report but they gave a report of mere 5 [square] kilometres to the authorities,” he said. The provincial cabinet has also approved the law team which will lead the case in the ICSID. As a result a stay order was ordered by the court, and it will now be heard in February 2020,” Balochistan government spokesperson Liaquat Shahwani said.

Source: Pakistan Today January 30, 2020 18:11 UTC