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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