An eminent lawyer Zafar Iqbal Kalanauri stated this as key speaker while addressing a capacity building seminar on "Alternate Dispute Resolution (ADR) in Perspective of Pakistan China Business Trade and Investment".
The seminar was organized by Pak-China Joint Chamber of Commerce and Industry (PCJCCI) here on Tuesday.
Regional Chairman All Pakistan Chinese Enterprises Association Guo Dong, Coordinators of Orange Line Project Lu Whenzao and Tang Pengcheng, representative of Tianjin Electric Power Construction Co Ltd Sun Xu, Chamber's executive committee members Daud Ahmad and Farooq Ali Sherwani also spoke on the occasion.
Zafar Iqbal Kalanauri said that the problems and disputes which can arise during huge investments between the two countries can be resolved through ADR system on the fast track. As Pakistan and China, are conducting various joint ventures of commendable investments, in which so many variances can occur. In my point of view, law is difficult and time-taking, so in such cases we should depend on the most easiest and convenient way that is, "Alternate Dispute Resolution", he added.
Through ADR clause, the two parties can resolve their issues with the help of mediator, facilitator, he said and added that the ADR clause is one of the most popular modes in foreign countries to resolve business disputes.
Commenting on the current changes in ADR, Kalanauri said that on 7th August 2019, UN Conference on Mediation was conducted in Singapore in which representatives of different countries participated and agreed for Alternate Dispute Resolution (ADR). So, we should implement ADR to solve our disputes, he said.
He appreciated the Pak-China Joint Chamber for taking initiative to establish, Pakistan China ADR Centre for the businessmen of Pakistan and China.
Regional Chairman of All Pakistan Chinese Enterprises Association Guo Dong said that PCJCCI had been working on different grounds which had created opportunities for the young entrepreneurs.
He applauded PCJCCI's vibrant role in promoting bilateral trade and business between both the nations and welcomed PCJCCI decision to set up ADR Center.
PCJCCI Executive Committee member Daud Ahmed said that Pak-China Joint Chamber aims at capacity building of local entrepreneurs as per need of the ever-changing market trends. He also appreciated Zafar Iqbal Kalanauri for elaborating a tricky subject in a simple way by sharing his life-long experiences.
Chamber's Secretary General Salahuddin Hanif said that PCJCCI is endeavouring to build a better and prosperous future of Pakistan and for this we are planning to settle Pakistan China ADR Centre, for the convenience of Pakistani and Chinese businessmen. We are trying to encourage and train the young entrepreneurs of Pakistan with international and local laws of business, he added.