Federal Law Minister, Ahmer Bilal Soofi on Friday said the Planning Commission and Ministry of Law would organise a conference on law and economics within two weeks. It was decided in a meeting between Deputy Chairman Planning Commission Nadeem ul Haq and Federal Law Minister Ahmer Bilal Soofi, said a release issued here.
Speaking on the occasion, law minister said that the conference will be an excellent deliberation opportunity in which leading law and economy experts will present their papers. Its recommendations will hopefully facilitate quick transactions in the economy and thereby leading to higher economic growth, he added. The conference is expected to highlight the legal impediments in economic growth, ordinary transactions, sale purchase, property buying and selling, he maintained.
Ahmer said that in conference eminent legal and economic experts will be invited to discuss different legal issues hindering the smooth economic growth. Deputy Chairman Planning Commission, Nadeem-ul-Haq emphasised that economic growth is based on ability of the people in open market to buy and sell whereas regulatory and procedural obstructions prevent that from happening and as a result investments in various sectors slow down.