CCP, NAB pledge synergy to ensure fair market practices

July 16, 2026 (MLN): Competition Commission of Pakistan (CCP) and National Accountability Bureau (NAB) have agreed to strengthen institutional cooperation to promote market discipline, curb anti-competitive practices, and protect public funds from corruption.

The understanding was reached during a meeting between CCP Chairman Farid Ahmed Tarar and NAB Chairman Lt. Gen. (R) Nazir Ahmed, held at NAB Headquarters in Islamabad, said a press release issued.

Briefing the NAB chief on the Commission's mandate, Farid Tarar said the CCP works to preserve free and fair competition across commercial and economic sectors, with the aim of improving economic efficiency and shielding consumers from practices such as abuse of market dominance, collusive agreements, and misleading advertising.

He added that a level playing field for all market participants remained central to the Commission's work, calling it a prerequisite for sustainable growth and stronger investor confidence.

The NAB chairman, for his part, described the CCP as a key pillar in maintaining transparency in the market and assured the Bureau's full cooperation in the Commission's drive against unfair trade practices.

He observed that the two organizations were aligned in their broader purpose of protecting the economic interests of the state and the public by keeping commercial and administrative processes free of corruption and collusion.

Both sides agreed to maintain regular engagement to reinforce their respective regulatory and accountability roles, reaffirming that a competition-friendly environment is vital to the country's long-term economic development.

The meeting ended with both chairmen reiterating their institutions' resolve to jointly promote accountability and fair competition in the economy.

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