Rawalpindi
\nThe Rawalpindi Chamber of Commerce & Industry (RCCI) in collaboration with Competition Commission of Pakistan (CCP) organized an Advocacy Session on Competition Law. Chairperson CCP, Ms. Rahat Kaunain Hassan, in her address said that deceptive marketing practices have a direct impact on consumers and the competitors of the businesses and therefore, while marketing their products, businesses must be truthful.
\nShe recommends businesses to, \u201cShow what you sell and say what you mean,\u201d which can make them fully compliant and truthful to the consumers and not allow businesses to take any undue competitive advantage. Businesses are free to make profits as long as they are not violating the competition principles.
\nNothing bars businesses under the law from growing; per se dominance is not prohibited, it is the abuse of dominance that triggers competition law enforcement.
\nShe said that the CCP is also playing its part in the policy reform by offering recommendations that would enhance economic efficiencies and create a level playing field.
\nThe CCP\u2019s draft pilot study on the \u201cAssessment of Supply Chain from Farm gate to Retail\u201d recommends policy measures for enhancing economic efficiency and eliminating distortions in the supply chain of essential commodities, she added. Similarly, it\u2019s report on the SME Sector will offer solid recommendations for improving economic efficiencies of SMEs. Moreover, consultative sessions have commenced on the CCP\u2019s draft \u201cE-Commerce Policy Guidelines\u201d for deliberations with the stakeholders.
\nShe said that the Competition law does play a role in removing entry barriers, improving the market access, and creating a level playing field, but the country\u2019s ranking in the Global Competitiveness Index (GCI) is based on other factors such as institutions, infrastructure, Information and Communication Technologies (ICT) adoption, macroeconomic stability, health, skills, product market, labour market, financial system, market size, business dynamism, and innovation capability.
\nEarlier, RCCI President Nadeem Rauf acknowledged the good work done by the CCP and emphasised upon the need to create more awareness of the Competition Law.
\nHe offered RCCI\u2019s platform for educating the businessmen on the Dos and don\u2019ts of the law. He also welcomed the Chairperson\u2019s suggestion of exempting the chambers from fee for filing formal complaints with the CCP.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rawalpindi The Rawalpindi Chamber of Commerce & Industry (RCCI) in collaboration with Competition Commission of Pakistan (CCP) organized an Advocacy Session on Competition Law. Chairperson CCP, Ms. Rahat Kaunain Hassan, in her address said that deceptive marketing practices have a direct impact on consumers and the competitors of the businesses and therefore, while marketing their […]<\/p>\n","protected":false},"author":2,"featured_media":268755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[769,5396,9138,1517,9139],"class_list":{"0":"post-268745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ccp","9":"tag-consumers","10":"tag-deceptive-marketing","11":"tag-impact","12":"tag-practices"},"yoast_head":"\n