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The government has referred Oil, Sugar, Fertilizers and CNG cartels matter
to Competition Commission of Pakistan (CCP). The decision was taken in a
meeting chaired by Syed Naveed Qamar Federal Minister for Finance,
Privatisation & Investment here today.
Syed Naveed Qamar asked the Chairman CCP Mr. Khalid Mirza to devise an
effective plan to check the cartels of all other commodities to benefit the
end consumer/ common man and to get improved services for the masses in an
environment of healthy competition.
He said that the government was fully committed to strengthen the functioning
of the Competition Commission of Pakistan (CCP) in the larger public interest
and its services would be fully utilized with an ability to carry out surprise
checks to detect various cartels and termed CCP an implementing arm of the
government.
Earlier, Mr. Khalid Mirza Chairman CCP gave a presentation regarding the
composition and functioning of the organization and informed that CCP would
focus to prohibit abuse of dominant position, agreements or deceptive market
practices of all such anti-competitive practices that prevent, restrict or
distort competition in the relevant market including predatory pricing,
tie-ins, boycotting, making cartels or any attempt to threaten the competitive
process.
He further said that the CCP role was confined to enhancing economic
efficiency by acting against anti-competitive practices in all sectors and it
should not be viewed as usurping the important functions of sector specific
regulators. Our target was to promote free competition in all spheres of
commercial and economic activity and to enhance economic efficiency and to
protect consumers from anti-competitive behavior, he added.