MULTAN - Deposed Chief Justice Iftikhar Muhammad Chaudhry Friday elaborated the relationship between independent judiciary and economic growth of any country, saying 'investment shies away from economies and countries that do not have an independent judiciary'. "What capital and investment, both domestic and foreign, primarily need is security. Before an investor brings his funds into a country, he makes sure that judiciary in that country is independent and the judges are fearless," Justice Chaudhry noted while addressing the participants of a dinner hosted by High Court Bar Association Multan. Citing a report published in a foreign monthly, he said that it presented the findings of a commission on the legal empowerment of the poor that asserted that the main reason why so much of humanity remained mired in poverty was that it was outside the rule of law. "Inflation and rising prices are also a part of the same phenomenon. Simply stated: it is a question of supply and demand. Without investment there can be no increase in production and opportunities of employment," he argued and added that without increase in production capacity, net employment used to decrease and unemployment go up. He said that the salaries also went down in case of more unemployed people competing for the same number of jobs. He said that he was highly sensitive to the spiral of prices when he was functioning as Chief Justice of Pakistan. "You will recall that in a petition filed in Supreme Court I had summoned all government departments concerned that determine the prices of petroleum products. We were about to come up with a rational pricing formula but the proceedings were subverted by illegal actions of November 3, 2007," he regretted. Justice Chaudhry underlined the importance of independent judiciary for survival of democracy, saying no strong and stable parliament could be constructed on the debris or ruins of an independent judicial edifice. "An independent judiciary is, in fact, the most significant protection available to parliament. There can be no democracy without law. Without an independent justice system democracy remains in jeopardy and eventually degrades into lawlessness and anarchy," he added. He said that the parliament or parliamentarians could not be exempted from judicial scrutiny for an entire five-year term by installing a feeble and timid judiciary in the name of sovereignty of parliament. "Parliamentarians and parliaments must, most respectfully, be kept within the bounds of the law and executive discretion has to be disastrous if any one is allowed to indulge in whim and arbitrariness," he added. He said that the sovereignty of the parliament was sacred but only constitution was supreme.   The deposed Chief Justice noted that the independence of judiciary was dependent entirely on independent judges. "If the judges are not independent and fearless, the judicial system itself will not be independent and just," he noted. He was of the opinion that if the judges were afraid of being arrested, and if the society condoned such a gross tragedy, no judge would ever be independent and fearless. "Such timidity once injected in the blood-stream of the judiciary will never again be purged. This, therefore, is a decisive and definitive moment in our history," he asserted. Quoting Sir Winston Churchill's observation, he said that there was an irresistible bond between an independent judiciary and a nation's capacity to resist an adversary. He said that the most effective weapon in a war was a population with enforceable rights. He said that the machinery of enforcement of rights was crucial to the existence of masses' rights. "One who demolishes that machinery demolishes not only the judiciary and the judges but also the fundamental constitutional rights of the citizens," he noted. He pointed out that without an independent judiciary the people used to lose their commitment to the constitutional system provided by the state, becoming indifferent to its survival. "They then choose to follow those who challenge it, even those who oppose it with military force. Thus are crucial battles being lost," he warned. He categorically declared that the judiciary did not wish to step into areas that were exclusively within the domain of the executive or the parliament. "But if these two institutions are inactive or they are seen to have acted contrary to the principles enshrined in the constitution, or if their policies discriminate between the rich and the poor on the religions, class,  regional or ethnic distinctions, judges are called upon by the constitution, their oath and their conscience to act," he declared. He said that today's gathering was meant to acknowledge the honour conferred upon Aitzaz Ahsan for being declared world's fifth most intellectual person. "We truly believe that such a recognition and appreciation for some one from Pakistan would make this country emerge as a more civilised, culture and refined one than that of a volatile, unsteady and an unpredictable one," he added. He said that the Aitzaz's recognition exhibited that Pakistan does not produce radicals, fanatics or extremists. The deposed Chief Justice lauded the role of media, lawyers, members of civil society, students, political workers, labourers and traders in ongoing drive and said that their sacrifices and relentless struggle for the rule of law and independence of judiciary were admirable. "We greatly comprehend legal fraternity's battle to forgo their bread and butter just for the sake of rule of law and independence of judiciary, their imprisonment, in come cases even solitary confinement just to uphold supremacy of the constitution," he added. He said that all these sacrifices would go down in history in golden words and bear fruit  in terms of rule of law and supremacy of constitution, enabling the citizens to enjoy their lives in protected environment. Later on, Justice Iftikhar Chaudhry conferred shields on Aitzaz Ahsan, Munir A Malik and Ali Ahmad Kurd. Earlier, Chaudhry was accorded a rousing welcome on his arrival at Multan Airport. Justice Iftikhar is on a two-day visit of Multan and Bahawalpur districts. He will leave for Shujabad, Jalalpur Pirwala, Lodhran and Bahawalpur on Saturday morning where he will address bar members respectively. The PML-N succeeded to hold a successful show as hundreds of its flag-waving activists surrounded the airport building when the plane carrying the deposed Chief Justice and his companions Aitazaz Ahsan and firebrand speaker Ali Ahmad Kurd landed in Multan. PML-N leader Makhdoom Javed Hashmi, provincial ministers Haji Ehsan Udden Qureshi and Malik Ahmad Ali Aulakh, High Court Bar President Mahmood Ashraf Khan and other lawyers leaders received the deposed Chief Justice. Dozens of civil society activists, lawyers and political workers assembled outside the VIP lounge and chanted full-throated slogans against President Musharraf when the deposed Chief Justice emerged from the building. A complete cordon was clamped down on the airport building when Iftikhar Chaudhry's flight PK 787 landed as all gates of airport were locked up by the security personnel and no body was allowed to enter or exit the premises. Resultantly, the passengers, their relatives and political workers scuffled with the airport security and police officials. The deposed Chief Justice was brought out of airport amid tight security as Elite Force Jawans encircled his vehicle. Aitazaz Ahsan drove the wagon carrying justice Iftikhar. The fanfare was so intense that the motorcade of the Chief Justice covered just three kilometers distance between airport and Boman Jee Chowk in almost two and a half hours.