KCCI,CCP join hands to prevent anti- Competitive practices.

ISLAMABAD -- The Karachi Chamber of Commerce and Industry (KCCI) and Competition Commission of Pakistan (CCP) on Friday joined hands to create a level playing field and prevent anti- Competitive practices.

The Karachi Chamber of Commerce and Industry (KCCI) held an advocacy session with the CCP, where the representatives of the chamber apprised the CCP of different competition issues and sought its help in creating a level playing field and removing entry barriers in the different sectors, said a press release issued here.

From KCCI, the advocacy session was attended by President KCCI Muhammad Idrees, Vice President KCCI Qazi Zahid Hussain, KCCI Managing Committee Members, and from CCP by the Chairperson Ms. Rahat Kaunain Hassan, Member Mujtaba Ahmad Lodhi, and Director Generals Mr. Noman Laiq and Asfandyar Khattak.

While speaking on the occasion, Ms. Rahat Kaunain Hassan said that the CCP had imposed penalties of up to Rs70 billion for different violations of the Competition Act on various sectors.

However, the recovery remains paltry due to the fact that most of the undertakings had challenged the CCP's orders in the higher courts where the due process of judicial review is underway.

The real effectiveness of the CCP's orders would be felt once the judicial review process was complete, particularly in the cartel cases, that call for prioritization for the harm it incurs to the economy, she added.

The Chairperson further said that as an institution, the CCP was accountable for its mandate, but in the pending cases, the review...