The Competition Commission of Pakistan (CCP) is striving to create awareness for a culture of compliance to rectify anti-competitive behaviour as in this process it has achieved various successes through compliances and commitments.
The official on Monday highlighted the pre-emptive measures taken against cartelisation and said in discharge of its statutory role the commission issued 11 policy notes so far regarding any policy or law which is in conflict with the Competition Act.
The CPP had also launched rewards for informants while advocacy booklet under the title ‘Information Booklet on Protection from Anti-competitive Practices’ was printed and disseminated. Moreover, he said the CCP also developed a research capacity and published researched publications in order to study the state of competition in the sectors and act accordingly.
An online complaint cell was established for facilitation of general public. He said CCP had build a coalition of support by reaching out aggressively to the media, consumer associations, professional bodies, chambers of commerce, sectored business associations. The official said as a part of advocacy initiative for creating awareness amongst the consumers for their rights.
He said in total CCP conducted 23 hearing in various matters including the abuse of dominant position, prohibited agreements (cartelization), deceptive marketing practices and approval of mergers.
Around 85 mergers and acquisitions in total were cleared and 56 exemption certificates in respect of prohibited agreements were granted.
Published in The Express Tribune, December 18th, 2012.
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