ISLAMABAD: The British High Commission has formally raised concerns over the ongoing dispute involving M/s Halmore Power Company, currently under international arbitration with the Government of Pakistan, sources told Business Recorder.
The issue was discussed during a meeting between Federal Minister for Power Sardar Awais Ahmed Khan Leghari and Sam Waldock, Development Director at the British High Commission. The discussions covered bilateral cooperation, investment climate, and the evolving regional geopolitical situation.
According to an official statement, the UK side highlighted key investment-related concerns, including the Halmore case. The minister assured that Pakistan remains committed to facilitating foreign investors and improving the overall business environment.
The dispute has already been taken up at higher diplomatic levels, with British High Commissioner Jane Marriott previously raising the matter with Pakistan’s Power Division.
The case stems from arbitration initiated by Mian Karim-ud-Din, owner of the 225MW Halmore Power Company, at the London Court of International Arbitration (LCIA). The claim is based on alleged violations of the UK–Pakistan Bilateral Investment Treaty.
While the exact claim has not been formally disclosed, it is estimated at around $80 million. The claimant argues that Pakistan’s actions adversely impacted its investment and is seeking compensation, along with declaratory and injunctive relief.
Under the agreed dispute resolution framework, proceedings are being conducted under the UNCITRAL Arbitration Rules 2021, requiring Pakistan to submit its formal response within the stipulated timeframe.
Earlier, the Prime Minister’s Office had directed the Power Division and the Attorney General to proactively defend Pakistan’s position in the arbitration to safeguard national interests.
During the meeting, both sides also discussed Pakistan’s diplomatic role in easing regional tensions, particularly in facilitating dialogue amid the Iran–US tensions. The UK appreciated Pakistan’s efforts in promoting stability and hosting peace talks.
Waldock commended Pakistan’s handling of complex regional challenges and reaffirmed the United Kingdom’s commitment to supporting Pakistan’s macroeconomic stability. The minister, in turn, acknowledged the continued cooperation of the Foreign, Commonwealth & Development Office (FCDO), describing it as a key pillar of bilateral relations.
Story by Mushtaq Ghumman
