The Rawalpindi Chamber of Commerce & Industry hosted an advocacy session on Competition Law, which was attended by President RCCI Chaudhry Nadeem A. Rauf, Vice President Tallat Mahmood Awan, Former Senior Vice President Saqib Rafiq, Senior Vice President Asim Mehmood Malik, executive committee members and representatives of the business community attended the session. While addressing the session, the Chairperson Ms. Rahat Kaunain Hassan said that deceptive marketing practices have a direct impact on consumers and the competitors of the businesses and therefore while marketing their products, businesses must be truthful. She recommended businesses to, “Show what you sell and say what you mean,” which can make them fully compliant and truthful to the consumers and not allow businesses to take any undue competitive advantage. She also said that businesses are free to make profits as long as they are not violating the competition principles. Nothing bars businesses under the law from growing; per se dominance is not prohibited, it is the abuse of dominance that triggers competition law enforcement, she maintained. She added that enforcement creates a better understanding of the law and contributes to developing a competition culture therefore, the Commission will continue to enforce the law in letter and spirit without fear and favour as it has been doing across all sectors of the economy. She briefed that the Commission is also playing its part in the policy reform by offering recommendations that would enhance economic efficiencies and create a level playing field. President RCCI acknowledged the good work done by the Commission and emphasized the need to create more awareness of the Competition Law. He offered RCCI’s platform for educating the businessmen on the Dos and don’ts of the law. He also welcomed the Chairperson’s suggestion of exempting the chambers from fees for filing formal complaints with the Commission. The RCCI’s representatives took an active part in the discussion by asking numerous questions and highlighting many issues. The Chairperson said that the Commission’s doors are open for all, and businessmen must feel free to approach through the Chambers of Commerce or in an individual capacity.
The Rawalpindi Chamber of Commerce & Industry hosted an advocacy session on Competition Law, which was attended by President RCCI Chaudhry Nadeem A. Rauf, Vice President Tallat Mahmood Awan, Former Senior Vice President Saqib Rafiq, Senior Vice President Asim Mehmood Malik, executive committee members and representatives of the business community attended the session.
While addressing the session, the Chairperson Ms. Rahat Kaunain Hassan said that deceptive marketing practices have a direct impact on consumers and the competitors of the businesses and therefore while marketing their products, businesses must be truthful. She recommended businesses to, “Show what you sell and say what you mean,” which can make them fully compliant and truthful to the consumers and not allow businesses to take any undue competitive advantage.
She also said that businesses are free to make profits as long as they are not violating the competition principles. Nothing bars businesses under the law from growing; per se dominance is not prohibited, it is the abuse of dominance that triggers competition law enforcement, she maintained. She added that enforcement creates a better understanding of the law and contributes to developing a competition culture therefore, the Commission will continue to enforce the law in letter and spirit without fear and favour as it has been doing across all sectors of the economy. She briefed that the Commission is also playing its part in the policy reform by offering recommendations that would enhance economic efficiencies and create a level playing field.
President RCCI acknowledged the good work done by the Commission and emphasized the need to create more awareness of the Competition Law. He offered RCCI’s platform for educating the businessmen on the Dos and don’ts of the law. He also welcomed the Chairperson’s suggestion of exempting the chambers from fees for filing formal complaints with the Commission.
The RCCI’s representatives took an active part in the discussion by asking numerous questions and highlighting many issues. The Chairperson said that the Commission’s doors are open for all, and businessmen must feel free to approach through the Chambers of Commerce or in an individual capacity.
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