Empirical Study and Critical Analysis of Impact of Judicial Activism on Economy of Pakistan

Abstract

The empirical study critically examines the multi-dimensional impact of judicial activism on Pakistan's economic eco-system, providing a comprehensive analysis of how judicial interventions intersect with economic policy and institutional development. This topic apparently seems to be un-addressed and under-explored domain of institutional research, particularly within Pakistan. As a researcher, we tried to investigate the direct and indirect economic consequences of judicial decisions across various sectors, including foreign investment, regulatory frameworks, and economic governance. The paper explores that judicial activism has badly affected the economy of Pakistan leaving bad reputation in the external world. It also has lost the confidence of national and foreign investor to invest in Pakistan due to lack of security to its investment. By examining different cases we are opined that our courts must ensure that these are courts of justice but not courts or law.