| GEO Business|
| New investment to be legally protected: Waqar|
| Updated at: 2119 PST, Saturday, October 17, 2009|
LAHORE: Minister for Investment Senator Waqar Ahmed Khan Saturday said the Investment Policy would not be tabled at Senate for approval, until all the stakeholders including the chambers and trade organizations get satisfied with it.
Addressing the Lahore Chamber of Commerce and Industry (LCCI) here, he said the new Investment Policy would span five years, adding the government has decided to stabilize the alternate dispute resolution mechanism.
Waqar Ahmed Khan said the government wants to establish Special Economic Zones, adding the new Investment Policy would be offered legal cover, as new investment cannot be ensured without it.
Speaking on the occasion, Lahore Chamber president said the energy crisis is spiraling up, adding the industry cannot make any headway without putting an end to this crisis.
The government should increase more contacts with the chambers, he added.