Does Pakistan Need A Competition Commission of Pakistan – Yes!

Publication Year : 2020

PIDE: CCP was borne out of the realisation of limitations in the 1970s Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance’ (MRTPO). What were those limitations, and do you think the CCP mandate addresses those adequately? KAM: Monopoly Control Authority (MCA) was established to enact the MRTPO and it tried to register agreement and enterprises that were likely to impinge upon what this law prescribed but it didn’t have the authority to act at the enforcement level. For example, it could only impose a maximum fine of PKR 100,000, and if it was a continuing fine it was about PKR 10,000 per day till the offence continued.

COMPETITIVENESS