The federal government of Pakistan has decided to introduce legislation aimed at establishing commercial courts across the country. This initiative is designed to ensure the quicker resolution of business, trade, and commercial disputes, thereby enhancing the ease of doing business in the nation.
Prime Minister Forms Special Committee
Prime Minister Shehbaz Sharif has constituted a special eight-member committee tasked with preparing the legal framework and recommendations required for setting up commercial courts nationwide. The committee will be headed by Federal Minister for Law and Justice Azam Nazeer Tarar, who will oversee the drafting of the proposed legislation.
Committee Members
Other members of the committee include Attorney General Mansoor Usman Awan, Minister of State for Finance Bilal Azhar Kayani, the Secretary of Law, and several other senior officials. The committee has been assigned the responsibility of developing comprehensive recommendations and formulating a legislative framework for the creation of commercial courts across Pakistan.
Objectives and Timeline
According to official instructions, the committee will review existing legal mechanisms, identify areas requiring reform, and propose measures aimed at improving the efficiency of resolving commercial and business-related cases. The committee has been directed to complete its work and submit a detailed report to the Prime Minister within 45 days.
The proposed initiative is expected to significantly strengthen the business environment by providing a faster and more effective system for resolving commercial disputes. This move aligns with the government's broader efforts to improve the investment climate and support economic growth in Pakistan.
