Karachi: The CCP chairperson, Rahat Kaunain Hassan, has said that commission works for greater impact on economy through curbing practice of deceptive marketing, restricting associations to their mandate, and improving the legal framework to promote the competition perspective.
Speaking at the meeting of Commission Consultative Group, she said that the commission has successfully unveiled cartelization in the power, poultry, edible oil & ghee, and jute sectors, where the significance of competition issues in public procurement have been highlighted.
The most recent action in this regard investigation and legal proceedings initiated against Pakistan Electric Power Equipment Manufacturers Association (PEMA) for cartelization power sector.
The chairperson informed the CCG meeting that the commission has been active in initiating actions against non-compliant undertakings and conducting search and inspections.
There were eight search and inspections during the period under review compared to four in the preceding three years (2007-2010). The commission has become more confident in undertaking these inspections and identifying relevant information to gather quickly, she said. Most recently, the Commission carried out search and inspection of All Pakistan Cement Manufacturers Association and the Kohat Cement office.
The chairperson that search and inspections have also been conducted by the Commission in Pakistan Ship’s Agents Association, Pakistan Vanaspati Manufacturers Association, Pakistan Edible Oil and Refiners Association, Pakistan Electric Power Equipment Manufacturers Association, FICO High-Tech (Pvt.) Limited, Pak Elektron Limited, and 1Link guarantee Limited. She also gave an overview of the recent orders issued by the Commission.
The CCP chairperson informed the CCG meeting that since its establishment, the commission has examined about 318 potentially competition-reducing agreements and issued exemptions on grounds of economic merit, with and without conditions, under the gateway provision of law. In FY 2010-11 alone, 66 exemptions were granted.
Similarly, during FY 2010-2011, 67 cases of acquisition of shares, 14 cases of mergers between the undertakings and 3 joint-venture cases were reviewed by the commission and NOC given to the applicant undertakings. Three cases were also subjected to a second-phase review.
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