KARACHI, Pakistan

Pakistan’s prime minister on Monday revealed that Turkey’s president helped Pakistan escape a huge penalty in a litigation involving a Turkish power company.

“PTI Govt, with the help of President Erdogan, has amicably resolved the Karkey dispute and saved Pak USD 1.2 billion penalty imposed by ICSID [International Centre for Settlement of Investment Disputes],” Imran Khan said in a Twitter post, in reference to a litigation between Pakistan and Turkish power company Karkey Karadeniz Elektrik Uretim (KKEU).

Read more: Erdogan helps Pakistan escape huge penalty: PM Khan