The Ministry of Law and Justice has become involved in the ongoing dispute between the Government of Pakistan and Independent Power Producer (IPP) M/s Halmore, according to well-informed sources. The Ministry of Foreign Affairs (MoFA) had sent M/s Halmore’s notification to the relevant ministries, including the Law Ministry and the Attorney General for Pakistan.
The Law Ministry clarified that it is not a direct party to the agreement and recommended that the Attorney General’s Office be contacted, as it is handling the matter. This dispute stems from an agreement signed on November 30, 1994, between the UK government and Pakistan, aimed at fostering favorable investment conditions between the two nations.
Pl watch the video and subscribe to the YouTube channel of republicpolicy.com
Under Article 8 of this agreement, disputes between a national or company of one party and the other party regarding investment obligations must be resolved through international arbitration if not settled amicably within three months. If no resolution is reached after this period, the dispute can be submitted to arbitration under the United Nations Commission on International Trade Law (UNCITRAL).
Karim-ud-Din’s legal team, representing M/s Halmore, has formally notified Pakistan of the claim, citing breaches of international obligations under the bilateral investment treaty (BIT). The notice includes a request for settlement discussions and warns that if the issue isn’t resolved within three months, the matter will be referred to international arbitration.
Although revised agreements with 16 other IPPs have been finalized, sources indicate that M/s Halmore’s case remains unresolved and requires further attention.
