Pakistan Lost Appeal against Broadsheet. Ordered $33 Million as penalty

Pakistan will have to pay over $33 Million (PKR 5.21 billion) Penalty plus £87 thousand in costs, as Pakistan lost Appeal against Broadsheet. London High Court dismissed Pakistan’s appeal against an earlier decision by the London Court of International Arbitration (LCIA) in the Broadsheet LLC case. Non-payment of the award and cost could result in enforcement actions likely to include seizure of Pakistan’s state assets abroad.