Posted inAustraliaOceaniaPakistanSouth Asia

World Bank could hit Pakistan with $11 billion fine

Pakistan’s economy is facing a potentially crippling jolt, with the International Centre for Settlement of Investment Disputes (ICSID) expected to levy a US$4 billion fine on Pakistan, with actual liabilities having the potential to stretch as high as $11.5 billion. This comes after an Australian mineral exploration company filed a damages claim worth $11 billion […]