The Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain Hassan said that more than 170 cases of CCP were pending in various courts of law, which do act as an impediment in transmitting the real fruit of actions taken by CCP to the masses.
The CCP Chairperson while addressing a 12th quarterly meeting of Competition Consultative Group (CCG) said that CCP is pursuing expeditious disposal as the outcome of these pending cases would be crucial in giving a direction both to CCP as well as to the business community. She welcomed the appointment of Competition Appellate Tribunal’s Chairman by the government saying that the tribunal is a step forward in resolving the pending cases.
The CCP Chairperson while addressing a 12th quarterly meeting of Competition Consultative Group (CCG) said that resolution of the funding issue is crucial to make CCP a sustainable institution and there has been some progress in that regard.
The CCP Chairperson while enumerating the factors leading to making CCP a robust law enforcement agency said that dedication and hard work of the tenacious team members of CCP have led the institution to become the first regulatory authority from South Asia – ahead of its counterparts in China, India and Singapore – to be included in the Global Competition Review’s Annual “Rating Enforcement.”
”Global Competition Review (GCR) is the world’s leading anti-trust and competition law journal that is chiefly consulted by lawyers, competition authorities, economists and academics to keep abreast of the latest developments in competition law.
It is told that CCP has ‘reduced costs by 20 per cent since 2009, and is reaching a 40 per cent reduction this year’. The assessment commends this efficiency and observes that it ‘shows the authority is managing to up the pace of enforcement while reducing costs.
