Islamabad, April 05, 2013 (PPI-OT): The Deputy Chairman Planning Commission Nadeem ul Haq called on Federal Law Minister, Ahmer Bilal Soofi here today. In the meeting it was decided to organize a conference on law and economics within two weeks. In this conference eminent legal and economic experts will be invited to discuss different legal issues hindering the smooth economic growth.
Speaking on the occasion, Law Minister said that the conference being held soon will provide an opportunity to leading law and economic experts to present their papers. Its recommendations will hopefully facilitate quick transactions in the economy and thereby lead to higher economic growth. The conference is expected to highlight the legal impediments in economic growth, ordinary transactions, sale purchase, and property buying and selling.
The idea of this conference was floated by Deputy Chairman Planning Commission under the mandate given by National Economic Commission.
Mr. Nadeem-ul-Haq emphasized that economic growth is based on ability of the people in open market to buy and sell whereas regulatory and procedural obstructions prevent that from happening and as a result investments in various sectors slows down. The conference is expected to pinpoint such specific legal hurdles.
In the end, Law Minister ensured his full support and co-operation in holding this conference and following up its legal recommendations. Several other ideas for legal facilitation of economic growth in the country were also discussed.
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Haji Ahmed Malik
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