Pakistan President approves Criminal Amendment and Foreign Investment Amendment Bills 2022 – JURIST

president of pakistan, Dr. Arif Alvi Friday approved of Criminal Code (Amendment) Bill 2022 (the “Bill”) repealing colonial law regarding the criminalization of attempted suicide. This bill repeals section 325 of the Pakistan Penal Code 1860.Any person who attempts suicide and commits any act to commit such a crime shall be punishable by simple imprisonment not exceeding one year, or a fine, or both. ”

The bill was introduced to the Pakistan Parliament by the Pakistan People’s Party (PPP) and criticized by the opposition Jamiat Ulema-e-Islam (JUI).

Approved by President Arvi Foreign Investment (Promotion and Protection) Amendment Bill 2022 amending Section 1 of the Foreign Investment (Promotion and Protection) Act 2022 (“FI Bill”) (“FI Law”). The law will be passed by the Pakistan Parliament in 2022 to promote and protect certain eligible foreign investments and pave the way for settlement agreements for restructuring between the Government of Pakistan and Co. Barrick Gold of Canada. , which eventually brought about a resurgence in the long-stagnation of the mining industry. The initiative “Reko Diq gold and copper mining project” in the Chagai district of Balochistan.

FI bill introduced Clarify the scope and application of the FI Act. The bill amends the FI Law, which applies “all over Pakistan”, to state that “For Balochistan, it should only apply to qualifying investments in the Reko Diq project, as set out in the schedule and annexes to this law. It is stated that it is clearly stated that it is ”

Source link

Leave a Reply

%d bloggers like this: