President Arif Alvi stresses enhanced cooperation with friendly Countries
January 19, 2021
ISLAMABAD, Pakistan: President Dr. Arif Alvi has called for increased trade, investment, defence, and cultural cooperation with all friendly Countries.
While talking to the Residents Ambassadors-designates of Korea, Nepal, Belarus, and Non-Residents Ambassadors-designates of Ireland, Kosovo, Mali, and Sierra Leone who made separate calls on President Dr. Arif Alvi at Aiwan-e-Sadr in Islamabad on Tuesday, the president said that Pakistan is home to some of the world’s most revered Buddhist sites and expressed the hope that tourists from friendly Countries would increasingly visit Pakistan.
Earlier, the Resident Ambassador-designate of the Republic of Korea, Mr. Suh Sangpyo, the Resident Ambassador-designate of the Federal Democratic Republic of Nepal, Mr. Tapas Adhikari, the Resident Ambassador-designate of the Republic of Belarus, Mr. Andrei Metelitsa, and Non-Resident Ambassador-design
2020 Survey of TMT Sector Investor-State Arbitration mediate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediate.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 9): It would seem that Axiata Group Bhd s woes in Nepal did not end despite its 80%-owned Ncell Private Ltd already paying over US$420 million in capital gains taxes demanded by Nepalese authorities the last payment being the US$185 million “made under protest” last April and without prejudice to Ncell s and Axiata UK s position in an international arbitration against the Federal Democratic Republic of Nepal .
According to a report by the Centre of Investigative Journalism-Nepal (CIJ-Nepal) and Finance Uncovered, a British journalism organisation, Axiata appears to have part-financed its Nepali local partner’s purchase of the remaining 20% stake in Ncell in 2016.
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INTRODUCTION
Historically, investors whose investments were expropriated or
nationalised by the Host State had few rights of redress. The
options were limited to seeking to enforce their rights in the
national courts of the Host State or appeal to their own Home State
to place commercial, diplomatic, or military pressure on the Host
State depending on the nature of the said investment.
However, the international community has taken a conscious step
to promote investment into developing nations by creating avenues
for foreign investors to protect their rights over the last 50