Author: Talha Ali Madni
Executive Summary
If Pakistan were to pay all the penalties imposed on it for annulment of transactions, breach of contracts, and disregard for its international obligations, it would come to PKR 9.9 trillion, including PKR 1,244 billion in penalties and losses, and PKR 8,505 billion in loss of opportunity. This has been accrued from merely four cases, i.e., Karkey, Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), and Reko Diq. This is a sad commentary on the senior most judges of the apex court, who issued rulings on cases with direct and indirect, national and international financial implications for the country.
