CCP and ICCI Collaborate for Fair Competition

The Competition Commission of Pakistan (CCP) is a regulatory body dedicated to ensuring fair competition and preventing market abuse in commercial and economic activities. By advocating for compliance with competition laws and conducting training programs, the CCP aims to promote good governance and encourage ethical behavior within the corporate sector.

Recently, the Chairman of CCP, Dr. Kabir Ahmed Sidhu, stressed the importance of imposing heavy penalties on violators of CCP laws and highlighted pending cases awaiting final decisions in the apex court. On the other hand, the President of Islamabad Chamber of Commerce and Industry (ICCI), Ahsan Zafar Bakhtawari, emphasized the need for a level playing field for all businesses and strict actions against cartels to ensure a fair environment for both businesses and consumers.

The collaboration between CCP and ICCI signifies a significant step towards fostering a competitive business environment that supports economic growth and protects stakeholders from anti-competitive behaviors. This partnership also aims to promote startups and entrepreneurship, contributing to the economic well-being of the country.

Zafar Bakhtawari, Secretary General of United Business Group, highlighted the importance of healthy competition for business advancement and advocated for equal opportunities and facilities for all stakeholders. He emphasized the significance of privatization, deregulation, and fair competition in the energy sector for the overall integrity and economic prosperity of Pakistan.

The collaboration between CCP and ICCI reflects a commitment to promoting fair competition and good corporate governance in Pakistan. By working together, these organizations aim to create a business environment that fosters innovation, protects consumers, and ensures a level playing field for all stakeholders. This partnership not only benefits businesses but also contributes to the economic growth and integrity of the country.