ISLAMABAD: The National Assembly enacted the Trade Dispute Resolution Bill, 2022 on Monday, with the goal of increasing foreign purchasers’ trust in Pakistan and assisting exporters in filing claims and complaints in Pakistan against their foreign clients.
As reported by the Standing Committee, Minister of State for Law and Justice Shahadat Awan piloted the bill in the House to provide for the establishment of a comprehensive regime in Pakistan for the swift and effective resolution of disputes relating to the export and import of goods and services, including import and export through e-commerce.
According to the bill’s statement of aims and reasons, Pakistan’s rating on the World Bank’s Ease of Doing Business (EODB) Index is suffering as a result of the lack of a robust trade dispute resolution process.
Contract enforcement will also increase as a result, resulting in a higher ranking for Pakistan on the EODB Index.
Meanwhile, the National Assembly is debating two government bills: the NFC Institute of Engineering and Technology Multan (Amendment) Bill, 2023, and the Trade Marks (Amendment) Bill, 2012.
Murtaza Javed Abbasi, Minister for Parliamentary Affairs, and Shahadat Awan, Minister of State for Law and Justice, introduced the legislation before the House.
Deputy Speaker Zahid Akram Durrani referred the measures to the appropriate standing committees for further consideration.