Inaction on the Competition Ordinance
Saturday, November 21, 2009
ISLAMABAD: The Competition Commission of Pakistan (CCP) has warned that it will cease to exist and its actions will become invalid in case the government fails to re-promulgate the Competition Ordinance on or before November 28.
Addressing a press conference here at the CCP office, Chairman CCP Khalid Mirza said that the commission had formally kick-started the required process by sending an official communication to the Ministry of Finance for taking steps to re-promulgate the Competition Ordinance 2009 till November 28, 2009.
He said that according to one legal opinion the president could re-promulgate the Competition Ordinance 2009 even after the cut-off date of November 28, 2009 but in that case the CCP would cease to exist after Nov 28 till the re-promulgation of the ordinance.
He said that the World Bank and the donors were closely watching Pakistan and inaction on the Competition Ordinance would hurt the already tarnished image of the country. He confirmed that strengthening the competition mechanism in Pakistan was one of the conditions of the World Bank under the Poverty Reduction Strategy Paper (PRSP-II) related lending.
He stressed that it was imperative to insert a clause in the re-promulgated ordinance to protect the decisions taken by the CCP during Feb 2, 2008 till date otherwise its action would become invalid.
The CCP, he said, had taken decisions in about 20 cases pertaining to various sectors, including cement, stock exchanges, educational institution, telecom, LPG, refineries etc whereas its proceedings were continuing against sugar, fertilisers, PIA, Takaful insurance etc.
Labels: Corruption, Governance, Nepotism
posted @ 9:52 AM,
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