ISLAMABAD: Pakistan has rejected the United States’ proposed draft of a Bilateral Investment Treaty (BIT) between the two countries, saying the acceptance of the US template would carry ‘dangerous obligations’ for the country.
“Our understanding is that the US template of the BIT was not in the best interest of the country,” said Federal Minister for Commerce, Khurram Dastgir Khan on Thursday while addressing a press conference in Islamabad on Thursday.
He said the talks on the issue of signing the BIT were stalled at the moment.
The minister’s comments came just 48 hours after the United States Commerce Secretary Penny Pritzker said that Washington was waiting for Pakistan’s response on the BIT template that it had shared with Islamabad last year.
