Pakistan told to pay Rs14 billion to nine power producers

In another arbitration setback, the London Court of International Arbitration (LCIA) has in its final award asked Pakistan to pay more than Rs14 billion to nine independent power producers (IPPs).

A senior government official told Dawn that the final award was not binding because its very basis was under litigation in sovereign Pakistani courts under the law of the land.

Published in Dawn, 1st November, 2017