Abstract
This research paper examines the foreign investment laws and procedure of Pakistan
and their role in protection of foreign investment in Pakistan. These laws are untapped
area of research and one cannot find any specific research tracing the legal
development in this highly specialized field. So far Pakistan has 48 BITs enforced with
different countries and has also signed ICSID Convention, which is promulgated locally
through Arbitration (International Investment Disputes) Act, 2011 incorporating the
Convention in the schedule to ease the difficulty of foreign investors to enforce the
awards rendered under auspices of ICSID in the territory of Pakistan. Under this
research, an attempt has been made to study prevalent foreign investment laws and its
trends in Pakistan. Though Pakistan has significantly improved its foreign investment
regime by introducing new investor’s friendly laws like, Special Economic Zones Act,
2011 and Investment Policy, 2013 etc., apart from its previous legislation on the subject,
yet this regime needs more improvement and updating. Extensive overview of all
existing foreign investment laws were carried out in this research. Fair and Equitable
Treatment, Expropriation and other factors affecting foreign investment laws are the
areas, which need to be taken care of by policy maker in the existing foreign investment
laws of Pakistan. With these aims, it is hoped that this research paper would be a
humble contribution in the literature on the subject.
Muhammad Khalid Hayat. (2016) AN OVERVIEW OF FOREIGN INVESTMENT LAWS ENFORCED IN PAKISTAN, Journal of Social Science and Humanities, Volume 55, Issue 2.
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