Competition Commission of Pakistan Chairperson calls on Deputy Speaker National Assembly

Islamabad, February 19, 2016 (PPI-OT):The Deputy Speaker National Assembly, Mr. Murtaza Javed Abbasi, called a meeting in his chamber in the parliament house on Friday in which the Chairperson, Competition Commission of Pakistan (CCP), Vadiyya Khalil, briefed the Deputy Speaker on the mandate and performance of CCP in the enforcement of Competition Law.

While briefing the Deputy Speaker on the Law, Vadiyya Khalil said that the Competition Act, 2010 is a state-of-the-art law passed by the parliament and the CCP has been set up as an autonomous body under the law. The Competition Act is in line with the competition laws of over 150 countries that have implemented the modern competition regimes. Under the Competition Act, CCP is empowered to take action against abuse of dominant position under Section 3, cartelization under Section 4, deceptive marketing practices under Section 10 and approval of mergers under Section 11 of the Act.

Moreover, CCP has the power to review the policies of the Government of Pakistan under Section 29 of the Competition Act and suggest/recommend changes in the policies where it is required for protecting competition. Furthermore, CCP has also been empowered to strike a balance between enforcement and advocacy through creating awareness of the law. She briefed the Deputy Speaker on the recent National Road Show on Competition Law held by CCP in 23 cities of the country to create awareness and facilitate the business community in resolution of competition issues.

Vadiyya Khalil said that the enforcement of the Competition Law fosters the economy by creating conducive environment for investment, more innovation, lower prices, higher choices, better quality, and bringing the country at par with the global competitors.

While briefing the Deputy Speaker on the enforcement work, Vadiyya Khalil informed him that CCP had imposed penalties of over PKR 26 billion on various undertakings for different violations of the Competition Act, 2010. These undertakings include companies and trade associations from across sectors of the economy and were involved in anti-competitive practices such as abuse of dominant position, cartelization and deceptive marketing practices, thus harming the consumer interest as well as inflicting huge losses on the national economy. Under the law, the penalties imposed by CCP have to be deposited in the National Exchequer of the Federal Government.

She also briefed the Deputy Speaker on the enforcement procedure saying that the orders are passed after following the due course of law that include transparent and impartial inquiries conducted by the inquiry committees, full opportunity of hearings to the undertakings and then issuing the orders and making them public as per the law. Under the Competition Act, appeals can be filed against the orders passed by CCP in front of the Commission and then the Competition Appellate Tribunal (CAT).

The Deputy Speaker Murtaza Javed Abbasi appreciated the efforts of CCP in effectively enforcing the Competition Law thereby creating a level playing field in all sectors of the economy. He said that the Competition Law is an important law for consumer protection. The Chairperson Vadiyya Khalil appreciated the Deputy Speaker for his interest and support to the CCP in enforcement of the Law.

For more information, contact:
Karamat Hussain Niazi
Secretary
National Assembly of Pakistan
Automation Centre,
National Assembly Secretariat,
Parliament House,
Islamabad – Pakistan
Tel: +92-51-9221082-83
Fax: +92-51-9221106
Email: assembly@na.gov.pk
Website: www.na.gov.pk