Proposal for a Federal Superior Commercial Tribunal
The Law and Justice Commission of Pakistan (LJCP) has recommended creating a specialized tribunal to adjudicate cross-border business conflicts. Under the leadership of Chief Justice of Pakistan Yahya Afridi during its 49th meeting on July 20, 2026, the commission formally advised inserting Article 212-A into the Constitution. This constitutional insertion would establish the International Commercial Court of Pakistan as an independent federal superior court.
Objectives and Expected Impact on Investment
The intended judicial body seeks to refine procedures for resolving international contract disputes while strengthening the enforcement framework for arbitral awards. By offering a dedicated forum for commercial adjudication, the measure aims to enhance predictability for cross-border transactions and encourage foreign direct investment. Alongside this constitutional proposal, the commission suggested modifying Section 3A (1A) of the Banking Companies Ordinance, 1962, enabling microfinance bank consumers to access the grievance redress mechanisms of the Banking Mohtasib.
Current Legislative Status and Future Steps
The proposals currently exist as official recommendations transmitted to the federal government for evaluation and subsequent initiation of the legislative process. Specific procedural rules for the court, detailed provisions of the draft bill, and parliamentary timelines have not yet been finalized. Enterprises, legal advisors, and corporate stakeholders are advised to follow federal legislative updates and upcoming parliamentary proceedings for further developments regarding the formal introduction of the amendment bill.