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" 305 ANALYSIS OF THE LEGAL PROTECTIONS AFFORDED TO INVESTORS WITHOUT A FORMAL COMMERCIAL PRESENCE IN PAKISTAN By M. Anum Saleem1 As the Rupee devaluates against the Dollar steadily, analysts argue that Pakistan must make its local commercial laws and regulations more welcoming and attractive to investment from overseas. The effect of this would not only be a gradual recovery of the Rupee, but it would also stimulate economic activity in the region which is desired for a recovery of the economy. Investment through incorporated entities in the jurisdiction of Pakistan is sometimes considered unviable due to the volatile security situation, and application of an unsteady regulatory framework. For these reasons, Pakistan has seen a mass exodus of commercial entities owned and controlled from persons residing in foreign jurisdictions. A suggested alternative method for foreign investors to invest in Pakistan is to do so without having a registered commercial presence in the country. The benefits of this to the foreign investor include being able to invest without having to exist in the jurisdiction of Pakistan. This would allow them to invest without having to deal directly with local regulatory bodies. It is prudent to expect persons of Pakistani origin to understand and maneuver local regulation and law more swiftly, hence this set up works to the advantage of foreign investors. However, this system would effectively detach the foreign investor from the place of business to the extent that protection of their rights vis-a-vis the entity that they have invested with would not be guaranteed as well as they would have been had the foreign investor decided to maintain a commercial presence in Pakistan. It is the legal protection of such investment that this Article seeks to…