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US companies could have crashed in Pakistan: WikiLeaks

Dunya News

The government did not pay millions of dollars to companies working in energy and services sectors.

A WikiLeaks cable reveals that the American companies could have lost an estimated $1.82 billion investment due to unfair handling of the situation by the Pakistani government.In a cable sent to Washington on January 26, 2008, the American ambassador said that the US embassy received complaints many of which were against the caretaker government of Pakistan.The General Electric Company, Oracle, Bell Helicopters and AES experienced problems in the issuance of while Chevron and AES had not been paid millions of dollars under the heads of energy products and services. Netsol and Microsoft have experienced non-compliance or interference in intellectual property rights violations. According to the ambassador, the governments in Pakistan face cash crunch no matter which party rules the country.
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