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How to Cite
Sanctity of Property Rights and Title Enforcement: Philosophy versus Realty perspective on Pakistan
Abstract
This paper intends to analyze De Soto's idea of the mystery of capital in the context of Pakistan. History witnesses the fact that nations that respect property rights, “fought for property rights” thrived with economic growth, inclusive institutions and democratic regimes, juxtaposed to the nations where property rights were dealt prodigally. But the question arises why developing countries could not catch up developed nations even they are getting so much influential advice from DCs and fore founders of developed nations were very much clear about the importance of property system in the development process. Pakistan has a quite intricate structure of laws and regulations; however, the implementation of title enforcement and property rights is very poor. We recommend that the ambiguity in the property laws should be clarified as the first step towards secure property rights. We also recommend that loopholes in the enforcement and implementation of existing laws should be addressed with a strong political will
Authors
Rabia Nazir
Assistant Professor, Department of Economics, The Islamia University of Bahawalpur, Pakistan
Fareeha Adil
Consultant, Sustainable Development Policy Institute (SDPI), Islamabad, Pakistan
Misbah Akhtar
Lecturer, Department of Education, The Islamia University of Bahawalpur, Pakistan
Keywords
Property Rights, Title Enforcement, Dead Capital, LRIMS
