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

Opinion

Editorial

The Peca problem
Updated 15 Feb, 2025

The Peca problem

The fight for fundamental freedoms is not the media’s alone, but one that concerns every citizen.
Miners in danger
15 Feb, 2025

Miners in danger

YESTERDAY’S devastating terrorist attack in Harnai, which killed at least 11 coal miners and injured seven others,...
Solar panels scam
15 Feb, 2025

Solar panels scam

THE scam involving over-invoicing to the tune of more than Rs69bn in the import of solar panels raises many ...
Dangerous times
Updated 14 Feb, 2025

Dangerous times

Pakistan accounted for six journalist killings in 2024, of which three were deliberately murdered, according to the CPJ.
Difficult target
14 Feb, 2025

Difficult target

A ONE-two punch delivered by an unforeseen, sharp dip in inflation and an extremely slim base of taxpayers is...
Amazing show
14 Feb, 2025

Amazing show

PAKISTAN’S ability to turn it up at the flick of a switch remains uninhibited. The latest show came in...