The Competition Commission of Pakistan while increasing the pace of enforcement has completed 28 inquiries, conducted 17 search inspections, passed 12 orders besides imposing the highest ever penalty of around PKR 40 billion in last in one year.
The enforcement actions have been completed in important sectors such as sugar, milk, cooking oil, consumer goods, pharmaceutical, beverages, online trading, education, media, and paint industries.
However, in most of the cases, the CCP is facing the general difficulty in concluding proceedings due to the parties continuously seeking injunctive relief from Courts even at nascent stages of an enquiry, such as call for information and search and inspections.
Chairperson Competition Commission of Pakistan Ms. Rahat Kaunain Hassan while sharing the CCP’s performance with the participant of 23rd meeting of Competition Consultative Group (CCG) said that the Competition Appellate Tribunal is now functional, which shall aid in clearing the backlog of cases.
She also informed that the CCP has started receiving the 3% of the fee and charges collected by specific regulators (PTA, SECP, NEPRA, OGRA and PEMRA).
