RAWALPINDI
\nThe Competition Commission of Pakistan (CCP) organized an advocacy session on Competition Law for members of the Rawalpindi Chamber of Commerce and Industry (RCCI), highlighting the need for fair competition to drive economic efficiency. Mr. Saeed Ahmad Nawaz, Member of the CCP, emphasized the importance of a level playing field for businesses across all sectors.
\nThe session was attended by a significant number of businessmen and corporate lawyers. Mr. Saeed, stressing the need for greater awareness and understanding of the law, elaborated on CCP\u2019s proactive enforcement measures, including its Market Intelligence Unit (MIU), which uses advanced data analysis to identify abnormal pricing trends and take enforcement actions when necessary.
\nMr. Saeed further explained that the CCP\u2019s role extends beyond enforcement, as it actively engages with government ministries and regulatory bodies to recommend policy changes that promote fair competition.
\nThe session featured a detailed presentation by Ahmed Qadir, Director General of MIU, who explained the core components of the Competition Act, 2010. Qadir provided insights on issues arising from abuse of dominant position, prohibited agreements, deceptive marketing practices, and mergers and acquisitions.
\nHe highlighted why avoiding anti-competitive practices important for businesses and encouraged businesses to consult the Commission\u2019s Guidance on Competition Compliance (GCC) booklet for self-regulation. RCCI President, Usman Shaukat, acknowledged the crucial role of the CCP in fostering fair competition and creating an equitable business environment. He expressed concern over the dominance of large businesses, which often marginalize small and medium enterprises (SMEs).
\nShaukat emphasized the need for continued support and a conducive environment for the growth of SMEs in Pakistan. The session concluded with a vote of thanks by Khalid Farooq, Senior Vice President RCCI, who expressed gratitude to the CCP for its ongoing efforts to support businesses and ensure a fair and competitive market in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"
RAWALPINDI The Competition Commission of Pakistan (CCP) organized an advocacy session on Competition Law for members of the Rawalpindi Chamber of Commerce and Industry (RCCI), highlighting the need for fair competition to drive economic efficiency. Mr. Saeed Ahmad Nawaz, Member of the CCP, emphasized the importance of a level playing field for businesses across all […]<\/p>\n","protected":false},"author":2,"featured_media":293095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-454645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n