Chairman Competition Commission of Pakistan Dr. Kabir Ahmed Sidhu and Vice Minister of State Administration for Market Regulation (SAMR), China, engaged in fruitful discussion on the current state of markets and regulations in China and Pakistan.
Both decided to collaborate to provide training and capacity building, exchange of knowledge to detect cartels and engage in research projects to enhance efficiency of the regulatory bodies.
China is Pakistan’s all-weather strategic partner. CPEC has brought about total of 25.4B direct investment in Pakistan. 17.55 B in revenue, 2.12B in Taxes & more than 192,000 direct jobs.
It is a game-changer since it benefits the entire South Asia by enhancing regional connectivity and economic development.
China has lifted population of 1.4B out of sheer poverty. This remarkable accomplishment has only come about by organising their markets. China’s SAMR has played a vital role in achieving this task.
CCP can learn a great deal from Chinese example. CCP is also mandated to remove obstacles and impediments from all sectors of economy, curb market abuse manipulation and collusive behaviour.
From nationalization to privatization, Pakistani markets are fragmented and characterized by domination of few players. China has been very successful in controlling Cartels and its State-Owned Entities.
Dr. Gan Lin invited Dr. Sidhu and his colleagues to China on International Competition forum.
