Pakistan enacts law to safeguard foreign investors’ interests
April 29th, 2011 - 11:59 am ICT by ANIIslamabad, April 29(ANI): Pakistan President Asif Ali Zardari has accorded assent to a law aimed at reassuring foreign investors about the security of their investments in the country. The Arbitration (International Investment Disputes) Bill, 2011 was passed by National Assembly on November 5 last year, while the Senate passed it on April 1.Zardari made the bill into a law with his signatures at a special ceremony at the Aiwan-e-Sadr, The Nation reports.He termed the signing as “a giant leap forward” to create confidence amongst foreign investors and bring transparency in the settlement of investment disputes. Zardari congratulated the Parliament for passing this important legislation, and said that the government has already announced a liberal incentives package for foreign & local investors. (ANI)
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