AIRLINK 201.07 Increased By ▲ 7.51 (3.88%)
BOP 10.18 Increased By ▲ 0.23 (2.31%)
CNERGY 7.64 Decreased By ▼ -0.29 (-3.66%)
FCCL 40.11 Decreased By ▼ -0.54 (-1.33%)
FFL 16.86 No Change ▼ 0.00 (0%)
FLYNG 26.79 Decreased By ▼ -0.96 (-3.46%)
HUBC 132.56 Decreased By ▼ -0.02 (-0.02%)
HUMNL 13.95 Increased By ▲ 0.06 (0.43%)
KEL 4.69 Increased By ▲ 0.09 (1.96%)
KOSM 6.60 Decreased By ▼ -0.02 (-0.3%)
MLCF 46.65 Decreased By ▼ -0.95 (-2%)
OGDC 212.85 Decreased By ▼ -1.06 (-0.5%)
PACE 6.90 Decreased By ▼ -0.03 (-0.43%)
PAEL 41.41 Increased By ▲ 0.17 (0.41%)
PIAHCLA 17.00 Decreased By ▼ -0.15 (-0.87%)
PIBTL 8.14 Decreased By ▼ -0.27 (-3.21%)
POWER 9.42 Decreased By ▼ -0.22 (-2.28%)
PPL 181.90 Decreased By ▼ -0.45 (-0.25%)
PRL 41.65 Decreased By ▼ -0.31 (-0.74%)
PTC 24.72 Decreased By ▼ -0.18 (-0.72%)
SEARL 111.05 Increased By ▲ 4.21 (3.94%)
SILK 0.99 No Change ▼ 0.00 (0%)
SSGC 43.86 Increased By ▲ 3.76 (9.38%)
SYM 18.84 Increased By ▲ 1.37 (7.84%)
TELE 8.88 Increased By ▲ 0.04 (0.45%)
TPLP 13.00 Increased By ▲ 0.25 (1.96%)
TRG 67.54 Increased By ▲ 0.59 (0.88%)
WAVESAPP 11.40 Increased By ▲ 0.07 (0.62%)
WTL 1.79 No Change ▼ 0.00 (0%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,191 Increased By 146.3 (1.21%)
BR30 36,666 Increased By 86.1 (0.24%)
KSE100 114,955 Increased By 917.2 (0.8%)
KSE30 36,147 Increased By 352.5 (0.98%)

Qatar has asked the World Trade Organization to set up a panel to arbitrate its complaint against Gulf neighbours over a four-month old blockade, sources at the global trade body said Friday. Qatar turned to the WTO in August, insisting it was the victim of an "illegal siege" perpetrated by Saudi Arabia, the United Arab Emirates and Bahrain, which have cut ties with Doha over its links to Iran and accusations that it supports extremists.
In the initial WTO filing, Qatar requested "consultations" with its rivals, a procedural move required by the Geneva-based organisation before a Dispute Settlement Body panel (DBS) can be set up. In a document dated Thursday, the WTO said the UAE had refused consultations with Doha, meaning a dispute panel will almost certainly be set up. It was not immediately clear whether Saudi Arabia and Bahrain have also rejected negotiations with Qatar at the WTO.
The dispute settlement process at the WTO can take months, if not years, with initial rulings typically subject to appeal. The economic and political sanctions imposed on gas-rich Qatar have triggered one the biggest crises to hit the Gulf region in decades.

Comments

Comments are closed.