6
Government contribution to expenses under the Convention
Act: Arbitration (International Investment Disputes) Act 2011
Section Provisions
ACT IX OF 2011 ACT IX OF 2011 ARBITRATION (INTERNATIONAL INVESTMENT DISPUTES) ACT, 2011 An Act to implement the International Convention on the Settlement of Investment Disputes between States and Nationals of other States [Gazette of Pakistan, Extraordinary, Part - I, 30th April, 2011] No. F.9(34)/2010-Legis. dated 30-4-2011.---The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 28th April, 2011, is hereby phblished 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 it is expedient to enact the law for that purpose. It is hereby enacted as follows:- 6. Government contribution to expenses under the Convention.---Any sums required to meet any obligations of the Government arising out of Article 17 of the Convention (which obliges the Contracting States to meet any deficit of the Centre) shall be charged on Government and paid through the Budget.