Improving conditions: Anti-trust regulator takes up investors’ cause
Hopes to remove entry barriers, anti-competitive practices, says chairman.
CCP has effectively implemented the competition law and taken a number of actions and initiatives, says Dr Joseph Wilson. DESIGN: MUHAMMAD SUHAIB
ISLAMABAD:
Competition Commission of Pakistan (CCP) Acting Chairman Dr Joseph Wilson has said that the CCP is committed to restore investor’s confidence in Pakistani markets by removing entry barriers, preventing anti-competitive business practices and creating a level playing field for local and foreign investors.
He said this while addressing the “Competitive effects of vertical agreements” seminar, organised by the American Business Council of Pakistan (ABC) in Karachi.
Dr Wilson explained the substantive provisions of the Competition Act, 2010 and said that for an emerging economy, enforcement of the competition law plays a vital role in encouraging foreign and local investment through ensuring a level playing field for all businesses.
“The CCP has effectively implemented the competition law and taken a number of actions and initiatives in the enforcement and advocacy areas to encourage local and foreign direct investment in the country,” he said.
The chairman further said that the CCP has consistently reviewed government policies and, where necessary, issued policy notes to various government ministries and regulators to uphold the principles of competition.
Similarly, the CCP has taken action against a number of associations involved in cartelisation, companies engaged in deceptive marketing practices which also include counterfeit use of logos of multinational companies by local firms. The seminar was also attended by ABC President Saad Amanullah Khan, CCP Member Office of Fair Trading and Advocacy Shehzad Ansar, ABC Secretary General Aisha Kirmani.
Published in The Express Tribune, March 19th, 2014.
Competition Commission of Pakistan (CCP) Acting Chairman Dr Joseph Wilson has said that the CCP is committed to restore investor’s confidence in Pakistani markets by removing entry barriers, preventing anti-competitive business practices and creating a level playing field for local and foreign investors.
He said this while addressing the “Competitive effects of vertical agreements” seminar, organised by the American Business Council of Pakistan (ABC) in Karachi.
Dr Wilson explained the substantive provisions of the Competition Act, 2010 and said that for an emerging economy, enforcement of the competition law plays a vital role in encouraging foreign and local investment through ensuring a level playing field for all businesses.
“The CCP has effectively implemented the competition law and taken a number of actions and initiatives in the enforcement and advocacy areas to encourage local and foreign direct investment in the country,” he said.
The chairman further said that the CCP has consistently reviewed government policies and, where necessary, issued policy notes to various government ministries and regulators to uphold the principles of competition.
Similarly, the CCP has taken action against a number of associations involved in cartelisation, companies engaged in deceptive marketing practices which also include counterfeit use of logos of multinational companies by local firms. The seminar was also attended by ABC President Saad Amanullah Khan, CCP Member Office of Fair Trading and Advocacy Shehzad Ansar, ABC Secretary General Aisha Kirmani.
Published in The Express Tribune, March 19th, 2014.