Economic growth cannot be separated from the role of investment in Pakistan
Developing a strong legal eco-system with the incorporation of alternative dispute resolution (ADR) mechanisms, such as Arbitration, Mediation or Adjudication unlocks a parallel pathway to the conventional court systems for resolving investment disputes. This parallel pathway leads to faster dispensation of disputes without going through the hassle of court proceedings; presents itself as an impartial option, making it more attractive for foreign investors who might otherwise be deterred by the potential danger of bias; adds a layer of specialization to particularly benefit complex commercial disputes where the parties may prefer a more tailored approach and lastly, it offers investors confidentiality if privacy is what they seek in their disputes.
In his article, Mian Sheraz Javaid contends that economic growth in Pakistan is closely tied to the role of investment. He emphasizes that investment is linked to legal certainty and the sense of security that investors seek for their investments. In other words, he believes that a stable legal environment and a strong sense of security are crucial factors for attracting and retaining investments, which in turn contribute to overall economic growth in the country.
The article authored by Mian Sheraz Javaid has been featured on the Daily Times
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