Justice Jawad Hassan of the Lahore High Court shares powerful insights on the role of courts in debt recovery in Pakistan. Speaking at a legal forum, he explains how the judiciary, government, and financial sector must work together to solve debt disputes and support economic stability.
He introduces the “5 Rs” — Recovery, Restructuring, Rehabilitation, Renewal, and Resolution — as a complete approach to managing financial distress. Each “R” helps guide the legal system and stakeholders through complex economic challenges.
Justice Hassan also highlights key laws like the Banking Ordinance 2001. He explains how recent court decisions have shaped the way banks and borrowers interact in financial disputes. As a result, these rulings have made debt recovery more structured and fair.
In addition, he calls for expanding the system beyond banks. He stresses that non-banking financial institutions must also be part of any reform. Protecting viable businesses, especially during financial difficulty, is important for economic growth.
Moreover, Justice Hassan encourages better coordination between regulators and courts. He believes that efficient debt recovery supports not just the legal system but the entire economy.
His talk shows how legal tools and court leadership can help restore financial balance in Pakistan. The vision he shares puts the judiciary at the center of economic reform.
