What does Competition Commission of Pakistan do?
The Competition Commission of Pakistan (the 'Commission') implements the Competition Act 2010 (the 'Act'), so that businesses can operate on a level playing field..
What is the anti monopoly law in Pakistan?
Competition law in Pakistan.
An anti-monopoly law known as the “Monopolies and Restrictive Trade Practices Control Ordinance” (MRTPO) was in place in Pakistan before the passage of the Competition Ordinance in 2007.
This law was enforced by the Monopoly Control Authority (MCA)..
What is the Competition Act of Pakistan?
The law prohibits mergers that would substantially lessen competition by creating or strengthening a dominant position in the relevant market.
The Act requires prior notice of proposed mergers or acquisitions that meet the notification thresholds stipulated in \xa74 of the Competition (Merger Control) Regulations 2007..
What is the competition law in Pakistan?
The CCP prohibits abuse of a dominant position in the market, certain types of anti-competitive agreements, and deceptive market practices.
It also reviews mergers of undertakings that could result in a significant lessening of competition..
What is the competition ordinance in Pakistan?
The Competition Bill 2010 was approved by the National Assembly on 27 January 2010 and then approved by the Senate of Pakistan on 24 February 2010.
The Competition Ordinance 2009 expired on 25 March 2010.
Thereafter, the Competition ordinance 2010 was promulgated on 18 April 2010 and expired on 17 August 2010..
What is the competition policy in Pakistan?
COMPETITION COMMISSION OF PAKISTAN
The Commission prohibits abuse of a dominant position in the market, certain types of anti-competitive agreements, and deceptive market practices.
It also reviews mergers of undertakings that could result in a significant lessening of competition..
What is the purpose of the Competition Commission of Pakistan?
In essence it is to ensure fair play for businesses and to create a level playing field and to protect consumers from practices that prevent, restrict, or reduce competition..
What is the purpose of the Competition Commission of Pakistan?
The Competition Commission of Pakistan (CCP) (Urdu: کمپیٹیشن کمیشن آف پاکستان), formerly Monopoly Control Authority, is an independent agency quasi-regulatory, quasi-judicial body of the Government of Pakistan for the enforcement of economic competition laws in Pakistan that helps ensure healthy competition..
- Competition law in Pakistan.
An anti-monopoly law known as the “Monopolies and Restrictive Trade Practices Control Ordinance” (MRTPO) was in place in Pakistan before the passage of the Competition Ordinance in 2007.
This law was enforced by the Monopoly Control Authority (MCA). - The Competition Commission of Pakistan (the 'Commission') implements the Competition Act 2010 (the 'Act'), so that businesses can operate on a level playing field.
- The distribution of false or misleading information to the consumer, including the distribution of information lacking a reasonable basis related to the price, character, method, or place of production, properties, suitability for use, or quality of goods may amount to deceptive marketing practices, actionable under \xa7
