CCP holds auto awarenes sem­i­nar

The Pak Banker - - NATIONAL -

The par­tic­i­pants of a sem­i­nar held at the Pak­istan As­so­ci­a­tion of Au­to­mo­tive Parts & Ac­ces­sories Man­u­fac­tur­ers (PAAPAM) were told that trade as­so­ci­a­tions should avoid price fix­ing and other anti-com­pet­i­tive agree­ments and should seek guid­ance and ad­vice from the Com­pe­ti­tion Com­mis­sion of Pak­istan for bet­ter com­pli­ance with the Com­pe­ti­tion Law.

The sem­i­nar was held as part of the Na­tional Road Show on Com­pe­ti­tion Law be­ing held by the Com­pe­ti­tion Com­mis­sion of Pak­istan (CCP). The sem­i­nar was at­tended by Mumshad Ali, Pres­di­ent PAAPAM, Tan­vir Hayat Mir, Se­nior Mem­ber PA­PAM, CCP Mem­bers Shahzad An­sar, Ikram Ul Haque Qureshi, CCP Di­rec­tors As­fand­yar Khat­tak, Syed Umair Javed, and Mem­bers of PA­PAM.

Mumshad Ali wel­comed the CCP del­e­ga­tion by say­ing that com­pe­ti­tion plays cru­cial role in busi­ness de­vel­op­ment as it en­cour­ages busi­ness­men to in­vest in tech­nol­ogy to bring in­no­va­tion. He said PA­PAM will work to­gether with CCP in cre­at­ing aware­ness about the Com­pe­ti­tion Law by ar­rang­ing sem­i­nars and other ad­vo­cacy ses­sions for its mem­bers.

Ad­dress­ing the par­tic­i­pants, CCP Mem­ber Shahzad An­sar re­it­er­ated CCP's re­solve to work to­wards the pro­mo­tion of vol­un­tary com­pli­ance of the Com­pe­ti­tion Law and in this re­gard, the busi­ness com­mu­nity will be taken on board by keep­ing a reg­u­lar li­ai­son through fo­cal per­sons. He said that the ob­jec­tive of CCP's Road Show is to in­form the busi­ness com­mu­nity of the ben­e­fits of a com­pet­i­tive econ­omy.

Pre­sen­ta­tions were made by CCP Mem­bers on the Com­pe­ti­tion Law and the par­tic­i­pants were briefed on fil­ing com­plaints with CCP, Merger fil­ings, merger thresh­olds and other rules and reg­u­la­tions of CCP. A de­tailed pre­sen­ta­tion by Ikram Ul Haque Qureshi, Mem­ber CCP, gave an overview of Com­pe­ti­tion Regime in Pak­istan and the sub­stan­tive pro­vi­sions of the Com­pe­ti­tion Act, 2010.

He in­formed the par­tic­i­pants that com­pli­ance with the Com­pe­ti­tion Law pro­tects busi­nesses from anti-com­pet­i­tive ac­tiv­i­ties and leads to in­no­va­tion, law­ful prof­its and busi­ness de­vel­op­ment. He en­cour­aged busi­ness­men to ap­proach CCP for tak­ing ad­vice re­gard­ing merg­ers or any other mat­ter re­lated with the Com­pe­ti­tion Law. Shahzad An­sar in his pre­sen­ta­tion on ex­plained the role of the Of­fice of Fair Trad­ing in deal­ing with de­cep­tive mar­ket­ing prac­tices. He shared the con­tact de­tails of CCP to fa­cil­i­tate busi­ness­men to file com­plaints with CCP re­gard­ing de­cep­tive mar­ket­ing prac­tices. In the in­ter­ac­tive ses­sion, the par­tic­i­pants high­lighted var­i­ous com­pe­ti­tion is­sues and urged CCP to play its role for their res­o­lu­tion.

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