Competition Law and Policy in Pakistan

Rahat Hassan, Member (Legal), The Competition Commission of Pakistan (CCP)

Since, the Ordinance was placed on the statute book in November 2007 through a presidential Ordinance; it has received more than its fair share of criticism. Business leaders and other stakeholders in the country have, during the course of stakeholder dialogues organized by the Competition Commission of Pakistan (CCP), raised concerns on the need for the new competition regime in these trying economic times and its continuity; while legal advisers have raised challenges to the constitutional vires and other substantive and procedural aspects of the Ordinance.

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Pakistan Competition Industry July 2009 Vol. 2, No. 8, Summer 2009

Rahat Hassan

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Ms. Rahat Kaunain Hassan is Member (Legal) at the Competition Commission of Pakistan. She received L.L.B degree from the University of the Punjab and the L.L.M degree from King's College London. She is a recipient of the coveted Britannia Chevening Scholarship and specialized in the Law of International Finance and International Business transactions. She founded and was a Partner at the Law Firm in Islamabad, Hassan Kaunain Nafees, Legal Practitioners & Advisers, and before joining the Commission had over 15 years of practice as a corporate and commercial lawyer. She has also been a partner at the international law firm, Amhurst Brown, in Islamabad and has also served at the Securities & Exchange Commission of Pakistan as General Counsel/Executive Director (Law & Securities Market Division).

The Competition Commission of Pakistan (CCP)

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The Competition Commission of Pakistan (CCP) was established on 2nd October, 2007 under the Competition Ordinance, 2007 (the “Ordinance”) as a quasi judicial, quasi regulatory, law enforcement agency having a specialized umbrella jurisdiction over the economy as a whole. The Ordinance repealed Monopolies Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 (MRTPO) and replaced the old style Monopoly Control Authority (MCA) by CCP, a modern agency - a five Members collegiate body. The major aim of this Ordinance is to provide for a legal framework to create a business environment based on healthy competition towards improving economic efficiency, developing competitiveness and protecting consumers from anti-competitive practices.

Pakistan Competition Industry July 2009 Vol. 2, No. 8, Summer 2009