JHANG City News

CCP urged to create healthy competition in market

From Our Correspondent

JHANG: Traders and businessmen Friday stressed the need of creating a healthy business competition in the country.

They demanded it during an advisory session of the Competition Commission of Pakistan (CCP) held on Friday with the coordination of the Jhang Chamber of Commerce and Industry (JCCI). The traders urged the CCP to facilitate traders and industrialists for creating a healthy competition in the market by giving new business ideas and provision of international level opportunities.

JCCI secretary general Farooq Cheema praised the CCP’s initiative of approaching the businesses across the country, saying that this exercise will have a great impact on creating a compliant business culture in the country. Responding to traders’ observations, CCP’s Member (OFT & Advocacy) Shahzad Ansar and Member (Cartels & Trade Abuse, and Legal) Ikramul Haq Qureshi said the CCP has lawful mandate to create healthy business competition. They said the CCP had successfully proceeded against number of industrial units involved in anti-competition activities. They added the CCP has taken a two pronged approach to consider both the horizontal and vertical effects of the merger on the market.