State Minister Pledges Govt Support to Strengthen CCP
State Minister for Finance and Revenue Ali Pervaiz Malik Wednesday visited the Competition Commission of Pakistan (CCP) and underscored the role of the Commission in checking market failure and protecting consumers from anti-competitive practices.
During his visit, Malik conveyed the ministry’s commitment to bolstering CCP’s capacity to increase its effectiveness, whether through legislative reforms, follow-up on court cases, or capacity-building initiatives.
Addressing CCP’s officials, he emphasized the need for a comprehensive review of the Competition Act to ensure it remains modern, effective, and relevant as well as to address the challenges being faced by the Commission.
“Competitiveness in markets is vital for protecting consumer interests. It also encourages new startups and attracts investments,” said Malik.
CCP Chairman Dr Kabir Ahmed Sidhu briefed the minister on the Commission’s role, including its functions, performance, and ongoing inquiries in important sectors of the economy. He highlighted the challenges faced by the CCP, including legal obstacles.
The minister pledged his full support to the CCP in overcoming its challenges. He requested a detailed list of pending court cases and stay orders, to take up with the Attorney General and Law Ministry for expeditious resolution. The minister urged the chairman to maintain close coordination with the Finance Ministry to ensure effective vigilance of consumer interests.
Reference Link:- https://propakistani.pk/2024/10/30/state-minister-pledges-govt-support-to-strengthen-ccp/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
