Islamabad 51
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
Islamabad 51
No Result
View All Result
Home National

IHC Chief Justice Assures Priority for Business Community Cases in Judiciary

Editor Isb by Editor Isb
May 14, 2025
in National, Latest
0
IHC Chief Justice Assures Priority for Business Community Cases in Judiciary
Share on FacebookShare on Twitter

ISLAMABAD: Chief Justice of Islamabad High Court Justice Aamer Farooq, along with Justice Tariq Mehmood Jahangiri and Judge & Session Judge Islamabad Nasir Javed Rana, visited the Islamabad Chamber of Commerce & Industry (ICCI) and inaugurated the Mediation Council Office.

They congratulated the ICCI for opening the office, which has been established in accordance with the amended Rent Restrictions Act 2023. The Mediation Council Office will play a mediation role in resolving commercial rent disputes within the business community and contribute to the out-of-court settlement of such disputes.

More Insights: Explore Related Stories

Punjab govt drafts ‘Goonda Act 2025’ to tackle habitual criminals

Islamabad lower courts to observe August summer break, IHC issues notification

FIA cracks down on staff involved in Afghan human smuggling case

KP adds free treatment for liver, kidney and bone marrow transplants to Sehat Card Plus

Addressing the business community, Chief Justice Islamabad High Court Justice Aamer Farooq said that the business community is the backbone of the economy and assured that the judiciary would decide commercial and rent disputes on priority.

He said that a mechanism including special bench would be considered to adjudicate the commercial disputes of the business community to facilitate them in business development. He said that arbitration and mediation is getting popularity as a cost-effective mechanism for settlement of cases as litigation is an expensive and lengthy process. He acknowledged that the prevailing laws in Pakistan are not supportive of business and investment and stressed that legislative should amend them to facilitate the entrepreneurs and investors. He stressed that the business community should play role to boost business activities to steer the country out of current crisis.

Justice Tariq Mehmood said that inauguration of a mediation council in ICCI is a commendable initiative for the out-of-court settlement of rent disputes of the business community and said that IHC would also forward such cases to the council for mediation.

Speaking on the occasion, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry said that an effective commercial dispute resolution mechanism is vital for sustainable economic growth of Pakistan. However, the arbitration & mediation laws, court procedures, dispute resolution and mechanism for enforcement of different types of contracts including commercial and investment in Pakistan are weak, time taking, outdated and a cause of concern for the local and foreign investors. He said that on average, it takes around 3 years to settle a commercial dispute in courts in Pakistan and a contract case takes many years to be decided. He stressed that the government should amend and upgrade and align business laws with the needs of current times to facilitate the growth of local and foreign investment in the country. He stressed that the government should establish a network of commercial courts across the country and evolve an effective alternate dispute resolution system for timely settlement of commercial disputes and promote a healthy environment for business and investment activities in the country.

Senior Vice President of the Islamabad Chamber of Commerce & Industry (ICCI) Faad Waheed, Vice President Engr. Azhar ul Islam Zafar, Group Leader Khalid Iqbal Malik, former President of the ICCI and Secretary General of the UBG Pakistan Zafar Bakhtawari, Vice Chairman of the Islamabad Bar Council Raja Aleem Abbasi, President of the Islamabad High Court Bar Naveed Malik, and former Senior Vice President of the ICCI Khalid Chaudhry also spoke at the event. President of the Islamabad District Bar Qaiser Imam and a large number of representatives from the legal and business communities were present on the occasion.

(Islamabad51_Newsdesk)

Previous Post

Peshawar High Court Stays MDCAT Results Over Copying Allegations

Next Post

Petrol, Diesel Prices Hit Record High Amid Back-Breaking Inflation

Editor Isb

Editor Isb

Related Posts

Punjab Government Logo

Punjab govt drafts ‘Goonda Act 2025’ to tackle habitual criminals

by News Desk
May 24, 2025
0

RAWALPINDI: The Punjab government has prepared the draft of a new law called the "Control of Goonda Act 2025", aimed...

Islamabad lower courts to observe August summer break, IHC issues notification

by Editor Isb
May 24, 2025
0

ISLAMABAD: The summer vacation schedule for Islamabad’s lower courts has been officially announced. According to a notification issued by the...

Pakistan FIA

FIA cracks down on staff involved in Afghan human smuggling case

by News Desk
May 24, 2025
0

LAHORE: The Federal Investigation Agency (FIA) has filed a case against 10 of its officials for allegedly helping 41 Afghan...

Next Post
petrol-pump-pic

Petrol, Diesel Prices Hit Record High Amid Back-Breaking Inflation

ATC Hands PTI’s Parvez Elahi to Police on Two-Day Physical Remand

PTI President Parvez Elahi Detained by Anti-Corruption Authorities

Former PTI Leader Raja Riaz Joins PML-N After Meeting Nawaz Sharif

Former PTI Leader Raja Riaz Joins PML-N After Meeting Nawaz Sharif

Justice Qazi Faez Isa Sworn In as 29th Chief Justice of Supreme Court

Justice Qazi Faez Isa Sworn In as 29th Chief Justice of Supreme Court

Follow Us

Recommended

PPP’s Murtaza Wahab Sworn in as Karachi Mayor

PPP’s Murtaza Wahab Sworn in as Karachi Mayor

2 years ago
Lionel Messi Apologizes to PSG and Teammates Over Unauthorized Trip

Lionel Messi Set to Depart PSG After Final Match

2 years ago
PCB announces Coaching Staff for T20I series against Afghanistan

PCB announces Coaching Staff for T20I series against Afghanistan

2 years ago
Actress Sanam Jung Pic

Sanam Jung welcomes second daughter after eight years

10 months ago

Categories

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Home 1
  • Privacy Policy
  • Terms of Service

Follow us on Google News for Latest Updates

Recent News

  • Punjab govt drafts ‘Goonda Act 2025’ to tackle habitual criminals
  • Islamabad lower courts to observe August summer break, IHC issues notification
  • FIA cracks down on staff involved in Afghan human smuggling case

Category

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us

© 2023 Islamabad51