The High Court of Justice in the British Virgin Islands (BVI) while restoring PIA's frozen assets has evoked its earlier orders regarding the attachment of the national carrier’s offshore assets.
Earlier, on December 10, 2020, BVI ordered to attach certain assets of Pakistan International Airline.
The court had attached the assets belonging to Pakistan International Airlines Investment Limited (PIAIL), including the company’s interests in two hotels — Roosevelt Hotel in Manhattan, New York, and Scribe Hotel in Central Paris.
"A short while ago judgment was announced by British Virgin Island High Court. Great legal victory for PIA and Pakistan. The order was passed earlier on the request of TCC which was seeking enforcement of Reko Diq award. All orders passed against PIA earlier are now recalled by the Court. Receiver removed from Roosevelt hotel, NY and Scribe hotel, Paris. Cost of litigation also awarded," said a statement issued by Attorney General for Pakistan (AGP) office on Tuesday.
Heinous crime drops 60pc across Faisalabad Region in first six months of 2026
- 12 hours ago
Amjad Hussain sworn in as Gilgit-Baltistan chief minister
- a day ago
Microsoft slashes 4,800 jobs as it revamps Xbox
- a day ago
Mbappe fires back at Paraguayan senator's racist attack after France victory
- 13 hours ago
Gold and sliver prices decrease in Pakistan today
- 14 hours ago
Nine cops martyred, 15 terrorists killed in Ziarat clearance operation
- 13 hours ago
Influencer screenings aren’t going away
- a day ago
IRS launches landmark report on TTP’s Cognitive Warfare
- 7 hours ago
This slim camera has a transparent LCD screen for a viewfinder
- a day ago
Chicago Cubs' Pete Crow-Armstrong, White Sox's Miguel Vargas added to MLB All-Star Game rosters
- a day ago
IG Punjab Prisons Salik Jalal pays surprise visit to Lahore District Jail, suspends officials during inspection
- 13 hours ago
Corps Commanders vow to safeguard Pakistan’s water rights
- a day ago
.jpeg&w=3840&q=75)
