News
Thursday, October 07, 2010
President signs competition bill into lawStaff Report
ISLAMABAD: President Asif Ali Zardari on Wednesday signed the Competition Bill into law, formalising its elevation into an act of parliament, and rendering the Competition Commission of Pakistan (CCP) into a statutory body, which will enable the commission to be back in action with full force and stand on firmer ground.
CCP Chairperson Rahat Kaunain Hassan said it was a historic day for the strengthening of a robust competition law in the country.
By taking action without delay, the government has provided us with the legislative backing necessary to dispel all uncertainties and apprehensions over the law, Rahat said.
She said we appreciated and recognised the government’s support in the matter. This would strengthen the institution and ensure its sustainability, she added.
Courtesy www.dailytimes.com.pk