| GEO Business | | Bid to curtail powers will render CCP toothless: Mirza | Updated at: 2019 PST, Saturday, October 24, 2009
 ISLAMABAD: Chairman Competition Commission of Pakistan (CCP), Khalid Mirza said here that any bid to curtail the enforcement powers of CCP would render the institution toothless and helpless against the powerful mafias in the country.
He was addressing mediamen at a workshop organized by CCP to sensitize journalists on the Competition Laws and the Powers of the Competition Commission of Pakistan.
Khalid Mirza said that the CCP's powers of forced entry incase of resistance from an undertaking during a surprise visit, and the amount of penalties specified in the Competition Ordinance, 2007were consistent with the international standards.
The Competition Ordinance, 2007 is the state-of-art-law that effectively deals with the competition-related issues.
Thus, the law needs to be enforced in its true spirit if the Pakistani economy has to grow, he said adding that CCP has achieved many milestones in a short period of time, which is incomparable with any competition agency in the world.
Earlier, presentations were given to the participants of the workshop to elucidate the various key provisions of the Competition Ordinance.
Member Legal, CCP, Ms Rahat Kaunain Kausar briefed the participants on the concept and evolution of competition regime in the world.
She also threw light on the competition regime in Pakistan and differentiated the CCP from the old Monopoly Control Authority.
Member Advocacy and Research, CCP, Ms. Maleeha Mimi Bangash gave a presentation on the Merger Clearance Regime of the CCP in which she touched upon areas like Merger Review, Merger Threshold and Acquisition and Merger pre-notification and facilitation Process.
Joint Director, CCP, Ms. Nadia Nabi, in her presentation sensitized the participants of the workshop on the Section 3 of the Competition Ordinance, i.e. Abuse of Dominance. She quoted various case studies to explain the Section 3.
Director CCP, Ms. Shaista Bano gave a presentation on Section4 that deals with prohibited agreements.
Similarly, the journalists were also sensitized on issues like Deceptive Marketing Practices and Promoting the Fair Trade and an overview on Exemptions. |  |
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