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ORDINANCE XIII OF 2007 ORDINANCE XIII OF 2007 ARBITRATION (INTERNATIONAL INVESTMENT DISPUTES) ORDINANCE, 2007 An Ordinance to implement the International Convention on the Settlement of Investment Disputes between States and Nationals of other States [Gazette of Pakistan, Extraordinary, Part I, 26th March, 2007] No.2(1)/2007-Pub., dated 26-3-2007.---The following Ordinance promulgated by the President is hereby published for general information: Whereas Pakistan has signed and ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of other States; And whereas, the National Assembly is not in sessions and the President is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the following Ordinance: 4. Effect of registration.---Subject to the provisions of this Ordinance, an award registered under section 3 shall, as respects the pecuniary obligations which it imposes, be of the same force and effect for the purposes of execution as if it had been a judgment of the High Court given when the award was rendered pursuant to the Convention and entered on the date of registration under this Ordinance, and, so far as it relates to such pecuniary obligations:--- (a) proceedings may be taken on the award;. (b) the sum for which the award is registered shall carry interest; and (c) the High Court shall have the same control over the execution of the award, as if the award had been a judgment of the High Court.