FinMin discusses CCP's operational efficiency, institutional effectiveness

February 04, 2025 (MLN): The Competition Commission of Pakistan’s (CCP) operational efficiency and institutional effectiveness in fulfilling its regulatory mandate were discussed during a meeting chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The meeting was held to review the performance of the CCP, during which strategic initiatives were outlined to strengthen its enforcement framework.

The finance minister reaffirmed the government’s commitment to enabling the CCP to augment its institutional ability and capabilities, according to the press release issued today.

Chairman CCP, Dr. Kabir Ahmed Sidhu, briefed the minister on the Commission’s proactive enforcement efforts in identifying and addressing anti-competitive practices, including cartelization and trade abuse.

Dr. Sidhu also provided an update on ongoing litigation, recoveries, and adjudication matters.

Since his appointment almost 79 cases have been successfully concluded while others remain under active proceedings.

The discussion also focused on the appointment of the Competition Appellate Tribunal (CAT), emphasizing its crucial role in accelerating the resolution of competition-related cases and enhancing the enforcement of Competition Law.

The finance minister had previously facilitated the appointment of the chairman and two members of CAT. He reaffirmed his commitment to supporting the CCP in this regard.

This meeting followed the minister's visit to the CCP in the first week of December 2024, where each member briefed the minister on the performance of their departments.

The meeting served as a continuation of previous discussions aimed at reinforcing CCP’s mandate and expediting enforcement actions to ensure a competitive and transparent market environment.

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