President enacts law to secure foreign investments

President Asif Ali Zardari on Thursday accorded assent to a law aimed at reassuring foreign investors about security of their investments in Pakistan. The Arbitration (International Investment Disputes) Bill, 2011 was passed by National Assembly on November 5 last year while the Senate passed it on April 1. The President made the bill into a law, with his signatures at a special ceremony, here at the Aiwan-e-Sadr. President Zardari termed the signing as a giant leap forward to create confidence amongst foreign investors and bring transparency in the settlement of investment disputes. The President congratulated the Parliament for passing this important legislation and said that the government has already announced a liberal incentives package for foreign & local investors.

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