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najaf maqbool - COMPETITION REGIME IN PAKISTAN WAITING FOR...

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COMPETITION REGIME IN PAKISTAN WAITING FOR A SHAKE-UP #0210 Sustainable Development Policy Institute
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COMPETITION REGIME IN PAKISTAN WAITING FOR A SHAKE-UP Sustainable Development Policy Institute
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COMPETITION REGIME IN PAKISTAN WAITING FOR A SHAKE-UP Published by: Sustainable Development Policy Institute 3, UN Boulevard Diplomatic Enclave 1, G-5, Islamabad - Pakistan Ph: +92-51-2270674-6/2278134/2278136 Fax: +92-51-2278135 E-mail: [email protected], Website: www.sdpi.org The Network for Consumer Protection 40-A, Ramzan Plaza, G-9 Markaz Islamabad - Pakistan Ph: +92-51-2261085/2256895 Fax: +92-51-2262495 E-mail: [email protected], Website: www.thenetwork.org.pk CUTS Centre for International Trade, Economics & Environment D-217, Bhaskar Marg, Bani Park, Jaipur 302 016, India Ph: +91-141-207 482, Fax: +91-141-207486 Email: [email protected], Website: www.cuts.org Acknowledgement: This report has been published as a part of the 7-Up Project, which is a comparative study of the competition regimes of seven developing countries of the Commonwealth namely*, India, Kenya, Pakistan, South Africa, Sri Lanka, Tanzania and Zambia supported by: Copyright: CUTS, 2002 The material in this publication may be reproduced in whole or in part and in any form for education or non-profit uses, without special permission from the copyright holders, provided acknowledgment of the source is made. The publishers would appreciate receiving a copy of any publication, which uses this publication as a source. No use of this publication may be made for resale or other commercial purposes without prior written permission of CUTS. Citation: CUTS, 2002, Competition Regime in Pakistan – Waiting for a Shake-Up Printed by: Jaipur Printers P. Ltd., Jaipur 302 001 ISBN 81-87222-63-8 *Other country reports are also available with CUTS #0210 SUGGESTED CONTRIBUTION PKR100/INR100/US$10 DFID Department for International Development, UK
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TABLE OF CONTENTS LIST OF TABLES ...................................................................................................................................................... i LIST OF ABBREVIATIONS ....................................................................................................................................... ii FOREWORD ........................................................................................................................................................... iii PREFACE ................................................................................................................................................................. v CHAPTER-I ............................................................................................................................................................ 10 INTRODUCTION ................................................................................................................................................. 10 1.1 General Background .............................................................................................................................. 10 1.2 The Nature of the Market and Competition in Pakistan ........................................................................ 11 1.2.1 Literature Review on Economic Concentration in Pakistan .............................................................. 11 1.2.2 The Need for a Competition Regime ................................................................................................. 12 CHAPTER-II ........................................................................................................................................................... 13 THE ECONOMIC PERFORMANCE OF THE COUNTRY ........................................................................................ 13 CHAPTER-III .......................................................................................................................................................... 15 INTERFACE OF ECONOMIC POLICIES WITH COMPETITION ............................................................................. 15 3.1 Trade Policy ........................................................................................................................................... 15 3.2 Privatisation Policy ................................................................................................................................. 16 3.3 Industrial Policy ...................................................................................................................................... 16 3.4 Small and Medium Enterprise Policy .................................................................................................... 17 3.5 Investment Policy ................................................................................................................................... 18 3.6 Intellectual Property Rights (IPRs) ........................................................................................................ 18 CHAPTER-IV ......................................................................................................................................................... 19 COMPETITION LAW ........................................................................................................................................... 19 4.1 A Brief History of the Legislation ............................................................................................................ 19 4.2 The Monopolies and Restrictive Trade Practices Ordinance, 1971 ..................................................... 19 4.2.1 Objectives of the Law .......................................................................................................................... 19 4.2.2 Scope of the Law ................................................................................................................................. 19 4.2.3 Undue Concentration of Economic Power ......................................................................................... 19 4.2.4 Monopolies .......................................................................................................................................... 20 4.2.5 Mergers and Acquisitions ................................................................................................................... 21 4.2.6 Unreasonably Restrictive Trade Practices ......................................................................................... 22 4.3 Consumer Protection Law ..................................................................................................................... 25 4.4 Links between the MCA and other Regulatory Authorities .................................................................... 26 CHAPTER-V .......................................................................................................................................................... 27 INSTITUTIONAL AND PROCEDURAL ASPECTS OF THE COMPETITION REGIME ............................................ 27 5.1 The Monopoly Control Authority ............................................................................................................. 27 5.2 Powers ................................................................................................................................................... 28 5.3 Prevention of Restrictive Business Practices and Undue Economic Power ....................................... 29 5.4 Registration ........................................................................................................................................... 29 5.5 Penalties and Appeals .......................................................................................................................... 30 CHAPTER-VI ......................................................................................................................................................... 32
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