Islamabad
\nA delegation of the Commercial Law Development Program (CLDP) of the United States Department of Commerce visited the Securities and Exchange Commission of Pakistan (SECP). The delegation discussed cooperation on developing an effective system for the early and out-of-court resolution of corporate disputes to improve the business environment and enhance investor confidence.
\nSECP officials briefed the delegation on the Commission\u2019s mandate, regulatory framework, and supervisory role across Pakistan\u2019s financial sector.
\nThe CLDP delegation was led by Mr. Zmarak Khan, Deputy Chief Counsel, and included Ms. Alexa Black, International Program Specialist; Ms. Aleena Nasir, Attorney Advisor (International); Ms. Emily Rife, Expert and Senior Partner, CLDP; and Mr. Dave Moora, Senior Partner, Impact Associates.
\nBoth sides discussed the establishment of a dedicated Alternative Dispute Resolution (ADR) Centre in Pakistan, drawing on international best practices.
\nThese included the Financial Industry Disputes Resolution Centre (FIDReC) model of Singapore, an independent and impartial institution that resolves consumer financial disputes through structured mediation and adjudication mechanisms.
\nMr. Muzzafar Ahmed Mirza, Commissioner (Law), SECP, briefed the delegation on SECP\u2019s ongoing and earlier initiatives to promote alternative dispute resolution.
\nHe highlighted existing mechanisms, including the Small Dispute Resolution Committee in the insurance sector. Mirza also outlined SECP\u2019s vision for expanding ADR frameworks to ensure timely, cost-effective, and efficient dispute resolution in the corporate and financial sectors.
\nThe delegation also paid a courtesy call on Chairman SECP, Dr. Kabir Ahmed Sidhu. Appreciating CLDP\u2019s cooperation, Dr. Sidhu emphasized that effective ADR mechanisms can significantly reduce the burden on courts by resolving disputes efficiently, lowering costs for businesses, and improving ease of doing business. He expressed SECP\u2019s willingness to work closely with CLDP to advance ADR reforms in Pakistan.
\nThe Commercial Law Development Program (CLDP) works with emerging economies to strengthen policy, legal, and regulatory frameworks that support trade, investment, and commercial activity through targeted technical assistance and institutional capacity-building.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad A delegation of the Commercial Law Development Program (CLDP) of the United States Department of Commerce visited the Securities and Exchange Commission of Pakistan (SECP). The delegation discussed cooperation on developing an effective system for the early and out-of-court resolution of corporate disputes to improve the business environment and enhance investor confidence. SECP officials …<\/p>\n","protected":false},"author":4,"featured_media":92958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-92981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/92981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=92981"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/92981\/revisions"}],"predecessor-version":[{"id":92993,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/92981\/revisions\/92993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/92958"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=92981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=92981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=92981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}