2023

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Existence of deception in business world of Pakistan and currently available legal remedies to eradicate it.
(UMT Lahore, 2023-08) Baleegh-Ur-Rehman
This research study is based upon the prevailing business conditions in Pakistan, with the specific object of detection of deception currently present in the business hub of Pakistan. The focus is on the industries, which are mostly relevant to the everyday affairs of the general public. Particularly identified most of the deceptive practices and acts, which are in practice. Further identified the industries where this practice is most common. Further, we discussed the concerned implemented laws and recommend suggestions for amendments in current laws. This study has a positive outcome in the sense that the study remained successful in identifying the deception practices and acts but unfortunately, the evil is present in every profession of life with an alarming number. Even if you may face issues when you buy a lifesaving drug or buy food, we detect this curse on every level or in every field of life. This should be taken up seriously by the Government, as it is not only hurting the economy of the country but also damaging the life cycle of human beings. This has a long-lasting impact on the economic cycle of Pakistan and directly affects the GDP of the country. The economy can grow only when the country becomes independent in its industrial needs and this factor is directly relevant to the growth of industry.