Implementation of CCP laws can cut prices by 30pc: Rahat Kaunain.
LAHORE -- Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain said on Monday that complete implementation on competition laws would reduce the prices of essential items by 25 to 30 percent, end the cartel of different sectors and convert the Pakistan's economy into a functional economy.
She expressed these views in a discussion programme with members of Lahore Economic Journalist Association (LEJA) here. LEJA Presidnt Muhammad Sudhir Chaudhry, other office-bearers and members were also present.
Rahat Kaunain added that since Pakistan was passing through difficult economic situation, the enforcement of competition laws was need of the hour.
The competition laws protected the consumers' interests and made consumers day to day life easy, she said and asserted that an effective enforcement was the only way to protect the consumers. She called for making a National Competition Policy to create awareness among the stakeholders. Furthermore, a regulatory tribunal should be established which would deal the cases related to the regulators, as this would speed up disposing of the cases with the regulators and improve overall investment and business environment, she added.
She also shared the details of different inquiries against the cartels and uncompetitive behaviors of various sectors, adding that commercial banks were cooperating with the CCP.
Rahat Kaunain mentioned that CCP could be more effective with the support of the other government regulators. Mutual cooperation of the all government regulators was vital for improved service delivery of government to the public, she added.
On cement sector inquiry, she said that for south region (Punjab and KP) cement plants were completed and for north region (Sindh and Balochistan), All Pakistan Cement Manufacturers Association took stay from the court, which was still not vacated. The inquiry of power Distribution Companies (DISCOs)...
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