In a major win for Pakistan International Airlines (PIA), The High Court of Justice in the British Virgin Islands (BVI) on Tuesday ruled in favor of the national carriers and withdrew its earlier decision regarding the attachment of the airline’s offshore assets in the Reko Diq case.

"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 the 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 the Attorney General for Pakistan (AGP) office on Tuesday.

All ex-parte orders obtained by the TCC earlier had been set aside, said the AGP office, and added all the orders earlier passed against Pakistan International Airlines Investment Ltd (PIAIL) had now been recalled by the BVI High Court, adding that it had also removed the receiver appointed for the Roosevelt Hotel, New York, and the Scribe Hotel, Paris.

PIA called it a major win for the airline and the country. In a tweet, published by the official Twitter handle of the national carrier, officials called it a great victory.

"Justice prevails! By the grace of Allah and with the prayers of all our countrymen, courts in BVI decide in favor of PIA, releasing all hard-earned assets i.e., Roosevelt NYC & Scribe Paris. Great victory for PIA and Pakistan. We won this together!."

It is important to note that in December 2020, the BVI High Court had attached certain assets of PIA in the Reko Diq case.