The Department of Economics, the Islamia University of Bahawalpur organized a seminar on competition advocacy and academic drive in collaboration with Competition Commission of Pakistan (CCP) on Monday.
Experts from Competition Commission of Pakistan including CCP member Dr Shahzad Ansar, CCP Director General Advocacy Asfandyar Khattak, along with Media officials briefed the attendees on various aspects of free market and laws to protect consumer rights.
A presentation by experts was followed by a question and answer session. Competition Commission of Pakistan also offered internship and training opportunities for students of the department and it was agreed that collaboration will be further enhanced. IUB Chairman Department of Economics Dr Rana Ejaz Ali Khan thanked the team from Competition Commission of Pakistan for visiting the Islamia University of Bahawalpur and delivering a seminar.
The Competition Commission of Pakistan (CCP) is an independent quasi-regulatory, quasi-judicial body that helps ensure healthy competition between companies for the benefit of the economy. 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.
Combined with its advocacy efforts, the Commission seeks to promote voluntary compliance and develop a ‘competition culture’ in the economy. The Competition Commission of Pakistan (CCP) was established on 2 October 2007, under the Competition Ordinance 2007 which was repromulgated in November 2009.
The Major aim of this Ordinance was to provide a legal framework to create a business environment based on healthy competition for improving economic efficiency, developing competitiveness and protecting consumers from anti-competitive practices.