Rs 3,000
This Ordinance was a response to concerns that some businesses within Pakistan were dominating markets and operating anti-competitive practices, which were damaging to consumers and Pakistan’s national and international trade. The Ordinance establishes the Competition Commission, whose members are appointed by the federal Government. The Commission’s role is to police the market, investigate undertakings, initiate proceedings, conduct inquiries and studies, give advice and advocate in favour of competition. As part of its inquiries and investigations, the Commission has judicial powers to make orders, enter and search premises, copy and seize evidence and to impose significant penalties for market infringements. Appeals against its orders lie to an appellate bench of the Commission and to the Supreme Court thereafter.
