UNLEASHING THE POTENTIAL OF FOREIGN INVESTMENT IN PAKISTAN: A CRITICAL ANALYSIS OF THE LEGAL FRAMEWORK, FLAWS, AND RECOMMENDATIONS FOR PROMOTING SUSTAINABLE ECONOMIC GROWTH

Abstract

Foreign direct investment (FDI) is critical to a country's economic development because it promotes economic growth, technological advancement, and job creation. Pakistan, like many other developing countries, has recognized the value of attracting foreign investment to stimulate its economy and achieve long-term development (Siddiqui, 2017). However, the success of attracting FDI is dependent on a robust legal framework that protects and provides incentives for foreign investors (Hayat, 2016). This paper will examine the trends, prospects, and challenges of foreign direct investment in Pakistan.