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Legal Framework of Foreign Investment in Pakistan: An Appraisal of Protectionist Approach
AbstractSince its creation, Pakistan supported free market economic regime. The policy framework, domestic and international instrumentality of the country has subscribed a protectionist approach for foreign investment. The successive governments of the state participated to adopt number of multilateral and bilateral instruments of international obligations for the protection of foreign investment in the country. State organs have acknowledged pursuance of protectionist approach for foreign investment in Pakistan. Thus, a pro-investor system of foreign investment has been emerged. This paper examined contemporary legal framework of foreign investment protection of Pakistan and investigated how inherent protectionist approach of Investor state dispute settlement (ISDS) has postulated challenges for national interest of the country.
- Ali Nawaz Khan
- Assistant Professor , University Law College , University of the Punjab, Lahore, Punjab, Pakistan
- Dr. Hafiz Aziz ur Rehman
- Assistant Professor , Department of Law , International Islamic University, Islamabad, Pakistan