BAFL 45.66 Increased By ▲ 0.56 (1.24%)
BIPL 20.08 Decreased By ▼ -0.17 (-0.84%)
BOP 5.34 Decreased By ▼ -0.06 (-1.11%)
CNERGY 4.54 Increased By ▲ 0.01 (0.22%)
DFML 16.01 Increased By ▲ 0.33 (2.1%)
DGKC 78.62 Increased By ▲ 5.74 (7.88%)
FABL 27.80 Increased By ▲ 0.65 (2.39%)
FCCL 18.86 Increased By ▲ 1.21 (6.86%)
FFL 8.96 Decreased By ▼ -0.13 (-1.43%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 111.54 Increased By ▲ 0.88 (0.8%)
HUBC 122.23 Increased By ▲ 0.71 (0.58%)
HUMNL 7.69 Increased By ▲ 0.34 (4.63%)
KEL 3.29 Increased By ▲ 0.06 (1.86%)
LOTCHEM 27.80 Increased By ▲ 0.48 (1.76%)
MLCF 42.36 Increased By ▲ 3.03 (7.7%)
OGDC 110.37 Increased By ▲ 2.37 (2.19%)
PAEL 18.97 Increased By ▲ 1.41 (8.03%)
PIBTL 5.46 No Change ▼ 0.00 (0%)
PIOC 114.91 Increased By ▲ 6.91 (6.4%)
PPL 94.72 Increased By ▲ 2.97 (3.24%)
PRL 25.32 Increased By ▲ 0.44 (1.77%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 64.32 Increased By ▲ 1.22 (1.93%)
SSGC 12.26 Increased By ▲ 0.37 (3.11%)
TELE 8.36 Increased By ▲ 0.17 (2.08%)
TPLP 13.35 Increased By ▲ 0.24 (1.83%)
TRG 83.84 Increased By ▲ 2.23 (2.73%)
UNITY 25.89 Increased By ▲ 0.14 (0.54%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
BR100 6,308 Increased By 126.6 (2.05%)
BR30 21,973 Increased By 434.1 (2.02%)
KSE100 61,691 Increased By 1160 (1.92%)
KSE30 20,555 Increased By 366.1 (1.81%)

LAHORE: Punjab Governor Chaudhry Mohammad Sarwar has issued an ordinance for the establishment of commercial courts in five districts of Punjab including Lahore.

According to the details, a special event was held at Governor’s House Lahore to issue the ordinance. Officers of relevant departments as well as provincial Minister for Commerce Mian Aslam Iqbal.

Under the ordinance, commercial cases pending in other courts will be transferred to new commercial courts. Commercial courts will decide pending cases from other courts within 180 days. Constituency boundaries will also be fixed for all commercial courts.

Talking on the occasion, the governor said that the establishment of commercial courts would restore the confidence of investors in the government and legal system. Providing timely justice to the business community is the top priority of the government. He said the role of the business community in the economic strength of Pakistan cannot be ignored.

Provincial Minister Mian Aslam Iqbal said that the government would address concerns of the business community and together we have to make Pakistan economically strong and prosperous.

Moreover, the governor has also issued an ordinance under which areas of Sheikhupura, Kasur and Nankana Sahib are no longer part of the Lahore Development Authority.

Copyright Business Recorder, 2021

Comments

Comments are closed.

Five districts of Punjab: Ordinance for commercial courts issued

Israel's goal to destroy Hamas risks decade of war: Macron

Honour climate financing, PM asks developed world

CJP’s office says he’s ‘fully cognizant of his constitutional duties’

Expenditures: Higher mark-up payments may put big pressure: MoF

India's ruling BJP leads in 3 of 4 state poll results

New regulatory safeguards placed to protect investors: SECP chief

BIT template issue settled: Crucial FTA with GCC finalised

David Warner included in settled Australia squad for first Pakistan Test

Water supply project: Sindh govt signs Rs51.6bn contract with Kuwaiti firm

Trump calls on supporters to 'guard the vote' in Democratic-run US cities