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" ECONOMIC RIGHTS AND THE LEGAL SYSTEM IN PAKISTAN ECONOMIC RIGHTS AND THE LEGAL SYSTEM IN PAKISTAN   By   Zulfiqar Hameed, B.A.,LL.B. Lahore   1. Society is not merely an agglomeration of persons but is meant to be an organized whole where certain norms, laws and rules should have sway giving it the elements of security, predictability of behaviour and a modicum of organization. The more developed a society the better developed are the systems endowing rights and duties on the members of that society. The primary indicators of such development of a society are the security afforded to the person and property of the members of a society. The protection is given through the laws of the society and can be classified as laws regarding person and laws regarding property. Further sophistication comes in the shape of laws overseeing the economic transactions in the society which ensure predictability in transactions.   ECONOMIC RIGHTS   2. The laws relating to property and economic transaction give economic rights. The Black's Law Dictionary defines a right as a power, privilege, faculty or demand, inherent in one person and incident upon another. Jurisprudentially speaking, Salmond has defined a right as an interest which is enforceable by law. "The word "rights" is generic, common; embracing whatever may be lawfully claimed". (U.S. Fidelity & Guaranty Co. v. Borough Bank of Brooklyn, 146 N.Y.S. 870,876 App. Div. 479). In a narrower sense, "The word "right" denotes, among other things, "property." "interest," "power, " "prerogative," "immunity," and "privilege"; and in law is most frequently applied to property in its restricted sense. As an…