If Norway, Ecuador & Greece can have their debts audited Why can’t Pakistan establish a Debt Audit Commission?

There are number of spaces available in international law that can be invoked as legal justification to refuse the external debt under extraordinary circumstances.

Rule of State of Necessity:

State of necessity, now known as “necessity” and codified by Article 25 of the International Law Commission’s (ILC’s) Articles on State Responsibility (ASR), is a circumstance precluding the wrongfulness of an otherwise internationally wrongful act. It is traditionally defined as a situation in which the sole means by which a state can safeguard an essential interest from a grave and imminent peril is to sacrifice another state’s interest of lesser importance.

Office
http://www.islamic-relief.org.pk/

Citation
Islamic Relief Pakistan [n.d], Pakistan needs to be set free, Islamic Relief WOrldwide, [Online], available at: http://www.islamic-relief.org.pk/

BY

Islamic Relief Pakistan

Type

Project Report

OFFICE

Palestine

LANGUAGE

Arabic

YEAR

2013

KEYWORDS

Debt, Development, Economy, Humanitarian, Islamic Relief, Pakistan