Pakistan Institute of Development Economics

P & R Vol.1 Issue 2
Competition and Markets
Publication Year : 2020

Markets are the most important in every economy because through markets competitive environment is created and revenues are generated. In Pakistan markets are regulated by government. In fact, government is interfering in every market and be an active player from agriculture to industry. Agriculture market is deregulated, but government gives subsidies and fixes prices which is against the competitive law. Investment is low because of lack of market opportunities due to dominance of government, many investors are constantly involved in lengthy court cases because of this excessive government dominance over markets. We have competition commission, purpose of setting of the competition commission was to have proper markets, as we have moved from a nationalized economy to private sector economy but with the weak implementations and the regulations. Due to government intervention these markets could not become competitive.