Deadline set for resolving economic corridor dispute

Published
0

ISLAMABAD: The Dispute Resolution Service (DRS) of the World Bank has fixed May 26, 2026, as the final deadline for the resolution of the dispute of the Khyber Pass Economic Corridor project.

The parties to the conflict, the complainants and the government, signed on Thursday (Nov 13) an interim agreement that addressed the eligible issues in the case, and requested the DRS to continue with the mediation.

Following which, DRS Head Orsolya Szekely informed the WB’s executive board, the Inspection Panel and the bank management that “at the request of both parties, and recognising the parties’ commitment and progress so far”, the dispute resolution process has been extended for an additional period of up to six months, with a final deadline of May 14, 2026.

“Should the parties sign a further agreement addressing further eligible issues, they agreed that the terms of the interim agreement signed on Nov 13 will be incorporated within the final Dispute Resolution Agreement. Should this not happen, the parties agreed that the interim agreement will be deemed the ‘Dispute Resolution Agreement’, partially addressing the eligible issues in the case, according to the notice of Extension-Dispute Resol­ution signed by the head of the dispute resolution service of the World Bank.

Published in Dawn, November 16th, 2025

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Equal citizens
Updated 11 Aug, 2026

Equal citizens

Religious minorities continue to face mob violence, attacks on their places of worship, forced conversions and social and economic exclusion.
Tel Aviv’s subterfuge
Updated 11 Aug, 2026

Tel Aviv’s subterfuge

These verbal gymnastics indicate that Tel Aviv has no intention of ending its occupation of the Strip.
Abandoned after floods
11 Aug, 2026

Abandoned after floods

THREE years after the 2022 floods submerged a third of Pakistan, more than 134,000 verified affected families in...
Genuine governance
Updated 10 Aug, 2026

Genuine governance

ON the surface, the Punjab cabinet’s decision to allocate funds for local government elections is a welcome step...
Failed by the state
10 Aug, 2026

Failed by the state

THE 1,914 cases of child abuse across Pakistan in the first six months of 2026 should spark outrage. The figure ...
HIV crisis
10 Aug, 2026

HIV crisis

PAKISTAN’s presence among countries with the fastest-growing HIV epidemic in Asia is a matter of shame. Globally,...