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
“free competition in all spheres of commercial and economic activity to enhance economic efficiency and to protect consumers from anti-competitive behavior” in the country