Powering into trouble

Another critical case of international arbitration has been lost by the government of Pakistan, this time involving nine private power producers, all domestic. Later this week, the London Court of Arbitration is set to decide the quantum of damages and claims owed by the government to these parties in a dispute whose origins lie in the days of high oil prices and skyrocketing circular debt back in 2011.

Published in Dawn, 27th September, 2017