Pakistan Enacts A Statute To Implement The ICSID Convention
Republic of Pakistan is not foreign to defending investment claims. In order to
restore investors’ confidence in its country, the Pakistani government has
enacted on April 28, 2011 a law to secure foreign investment. The International
Investment Disputes Act (the “Act”) has been qualified by the Pakistani
president, Mr. Asif Ali Zardari, as “a giant leap forward” to create confidence
amongst foreign investors.
Laurence Burger, “Pakistan Enacts A Statute To Implement The ICSID Convention”, www.kluwerarbitrationblog.com, June 16, 2011.