SIALKOT: Effective enforcement of the Competition Law is a must for ensuring consumer welfare as well as creating an enabling environment for business and industrial growth as it encourages enterprise and efficiency while discouraging anti-competitive practices, said Dr. Joseph Wilson, Chairman, Competition Commission of Pakistan (CCP).
Speaking at a meeting with the business community at Sialkot Chamber of Commerce and Industry (SCCI), Dr. Wilson briefed the participants on key provisions of the Competition Act, 2010 and said the Competition rules and regulations are in line with the modern Competition Laws.
He said that the law provides for protection from economic ills, such as cartelisation, abuse of dominance, and deceptive marketing that are equally bad for consumer as well as business and industry.
By citing various cases, he informed the participants that the CCP had taken notice of anti-competitive activities in almost all economic sectors and is vigilant in curbing activities that are harmful to the interests of businesses and consumers.
The chairman said that the commission has powers to grant individual or block exemptions on grounds of efficiency or economic merit which did not exist in the law earlier.
Published in Dawn, May 16th, 2014