I believe that collective efforts of all stakeholders and an integrated approach can familiarize ADR in banking circles and SBP as a regulator on its part is willing to support this initiative. In the general sense, ADR means out of court settlement of disputes by way of mediation, conciliation, arbitration or expert determination.
Arbitration is more relevant in the international context since overseas investors and parties generally require Arbitration clause in agreements. The mediation on the other hand is more relevant, cost effective and speedy way of resolving commercial disputes under which parties agree to ask a third person to help them find a solution to their dispute.