Pakistan does not have a legal framework that is conducive to business. The countries that have created viable frameworks for business growth have prospered and we need to do the same with the help of the legal community.
The process of financial transactions and a contract are very weak in Pakistan. A robust contract framework can lead to healthy growth of the commercial sector. As the legalities related to financing all types of loans whether they are for housing, consumer, personal, or for business, it will help grow the overall business environment. The idea is to create a legal think tank that will develop the framework for commercial courts and work with the government and other stakeholders to bring a system that will benefit everyone and Pakistan as a whole..
A solid legal framework will need a larger number of lawyers to work in the commercial sector and it will create more opportunities for them as well create a framework that is business friendly..
This will help the overall health of the economy by spurring business growth..
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