President gives assent to Competition Commission Bill
ISLAMABAD: President Asif Ali Zardari has given the formal assent to Competition Commission Bill to make it an act of the parliament. The law to establish Competition Commission of Pakistan; tasked, among other things, to prohibit commercial enterprises from unfair practices. The National Assembly and Senate had passed the law completing the parliamentary approval of the Competition Bill after nearly a year of grueling rows.
The 62-clause bill with formal assent by President Asif Ali Zardari has become an act of parliament that will reactivate a powerful Competition Commission of Pakistan (CCP) mandated to ensure what the draft says
â€śfree competition in all spheres of commercial and economic activity to enhance economic efficiency and to protect consumers from anti-competitive behaviorâ€ť in the country