Pakistan Considers New Court for International Commerce

The Law and Justice Commission of Pakistan, led by Chief Justice Yahya Afridi, recommended a constitutional amendment to the federal government to establish the International Commercial Court of Pakistan. The proposed court would function as an independent federal superior court through a new Article 212-A in the Constitution.

The commission believes this court will improve the resolution of international commercial disputes, enforce arbitral awards, and attract foreign investment. The move aims to align Pakistan’s commercial justice system with international standards and foster economic growth.

Additionally, the LJCP approved amendments to the Banking Companies Ordinance of 1962, recommending the banking mohtasib extend jurisdiction to customers of microfinance banks and institutions. The government will now consider both recommendations and begin the legislative process if it approves them.