ISLAMABAD — The High Court of Justice in the British Virgin Islands (BVI) on Tuesday recalled its earlier orders regarding attachment of offshore assets of the Pakistan International Airlines (PIA).
BVI High Court Justice Gerhard Wallbank had attached certain assets of the PIA on December 10, 2020.
The court had attached the assets belonging to Pakistan International Airlines Investment Limited (PIAIL), including the company’s interests in two hotels — Roosevelt Hotel in Manhattan, New York, and Scribe Hotel in Central Paris.
In view of the injunction, PIA cannot sell any of these hotels.
"A short while ago a judgement was announced by the British Virgin Island High Court. A great legal victory for the PIA and Pakistan. The order was passed earlier on the request of TCC, which was seeking enforcement of Reko Diq award. All orders passed against PIA earlier are now recalled by the Court. Receiver removed from Roosevelt hotel, NY and Scribe hotel, Paris. Cost of litigation also awarded," said a statement issued by Attorney General for Pakistan (AGP) office on Tuesday.
Prime Minister Imran Khan has appreciated the efforts of the international disputes unit and the office of the attorney general.
Tethyan Copper Company (TCC) on November 20, last year had sought attachment of assets for enforcement of the $6 billion award that the International Centre for Settlement of Investment Disputes (ICSID) slapped on Pakistan on July 12, 2019, for revoking the TTC mining contract at Reko Diq in Balochistan.
Despite withdrawal of attachment orders by BVI court, $6 billion award against Pakistan will still be intact.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 23, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||372.5||376|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.23||176.23|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 215,800 on Saturday. The price of 10 grams of 24k gold was recorded at Rs185,020.
Likewise, 10 grams of 22k gold were being traded for Rs170,068 while a single tola of 22-karat gold was being sold at Rs198,365.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 215,800||PKR 2,565|
|Karachi||PKR 215,800||PKR 2,565|
|Islamabad||PKR 215,800||PKR 2,565|
|Peshawar||PKR 215,800||PKR 2,565|
|Quetta||PKR 215,800||PKR 2,565|
|Sialkot||PKR 215,800||PKR 2,565|
|Attock||PKR 215,800||PKR 2,565|
|Gujranwala||PKR 215,800||PKR 2,565|
|Jehlum||PKR 215,800||PKR 2,565|
|Multan||PKR 215,800||PKR 2,565|
|Bahawalpur||PKR 215,800||PKR 2,565|
|Gujrat||PKR 215,800||PKR 2,565|
|Nawabshah||PKR 215,800||PKR 2,565|
|Chakwal||PKR 215,800||PKR 2,565|
|Hyderabad||PKR 215,800||PKR 2,565|
|Nowshehra||PKR 215,800||PKR 2,565|
|Sargodha||PKR 215,800||PKR 2,565|
|Faisalabad||PKR 215,800||PKR 2,565|
|Mirpur||PKR 215,800||PKR 2,565|