Commercial courts assured
April 18, 2021
LAHORE: Punjab Governor Chaudhry Muhammad Sarwar has said that reforms like establishment of commercial courts are a few of the many, which the government is committed to deliver in line with its vision, a statement said on Saturday.
Talking to a delegation of the Lahore Chamber of Commerce and Industry (LCCI), led by its President Mian Tariq Misbah, at the Governor’s House Lahore, Sarwar said that the measures taken by the government in collaboration with the Lahore High Court is a giant leap towards making the business environment conducive for trade and economic activities.
This initiative will guarantee and ensure that the investment of the business community in Punjab is secured, he said, adding that the Commercial Court Ordinance, 2021 will ensure expeditious disposal of claims arising out from commercial transactions by introducing timeframe for decision of suits, e-filing of pleadings and limited number of adjournments.
Punjab governor stresses business reforms
Punjab governor assures businessmen of commitment to making environment conducive for business activities
LAHORE:
Punjab Governor Chaudhry Muhammad Sarwar has said that reforms like establishment of commercial courts are few of the many which the government is committed to deliver in line with its vision.
Talking to a delegation of the Lahore Chamber of Commerce and Industry (LCCI), he said that the measures taken by the government in collaboration with the Lahore High Court are a giant leap towards making the business environment conducive for trade and economic activities. He said that this initiative will guarantee and ensure that investment of the business community in Punjab is secure.
Punjab governor signs Commercial Court Ordinance 2021
National
April 13, 2021
LAHORE: Punjab Planning & Development Board in collaboration with World Bank and International Finance Corporation organised a colloquium on the promulgation of Commercial Court Ordinance 2021 on Monday.
The historical initiative taken by the Punjab government was fully supported by the Lahore High Court. The Lahore High Court notified commercial courts in five districts of Punjab including Lahore.
The ordinance will ensure expeditious disposal of claims arising from commercial transactions by introducing timeframe for decision of suits, e-filing of pleadings and limited number of adjournments.
This landmark reform was part of the government’s ongoing Ease of Doing Business Reforms being led by the Planning & Development Board. Opening remarks were given by Abdullah Khan Sumbal, Chairman, Planning & Development Board, in which he stated that Planning & Development Board is committed to improving t
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