Pakistan Govt Probes Halmore Power's Working Capital Loans Since 2010 Amid Arbitration Battle (2026)

The government is seeking detailed information on the working capital facilities utilized by Halmore Power since 2010, including the total amounts availed, the purposes of these facilities, and the specifics of any liens or security interests created. This request comes as Halmore Power Generation Company Limited faces international arbitration initiated by its owner, Mian Karim-ud-Din, who claims Pakistan violated the UK-Pakistan Bilateral Investment Treaty. The dispute centers on the impact of Pakistan's actions on Halmore Power's investment, with the claimant seeking declaratory relief, injunctive relief, and compensation estimated at around USD 80 million. The government, through the Prime Minister's Office, has directed the Power Division and the Attorney General to protect its interests in this arbitration, which was formally initiated on October 8, 2025, with a response deadline of November 8, 2025, according to the UNCITRAL Arbitration Rules 2021.

Pakistan Govt Probes Halmore Power's Working Capital Loans Since 2010 Amid Arbitration Battle (2026)

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