CCP has been given unlimited powers, which needs to be checked, said Kashmala Tariq on assembly floor, as reported by Business Recorder.
MNA said that there should be check and balance while reviewing the performance of the commission. There are flaws in the competition laws, which should to be removed. The CCP should not target industrial sector that is playing key role in the growth of the economy. How many banks were shut down on the action of the commission, she asked?
Responding to these observations, Hina Rabbani Khar, Minister of State on Finance said the CCP has no intention to shut down the industrial sector. If change in the existing competition law is needed, it could be done after following the due consultative process with all the stakeholders.
Discussion was started when Hina Rabbani Khar informed the National Assembly that the Competition Commission of Pakistan (CCP) has issued show cause notices to the mobile phone companies for entering an agreement to revise sale price of SIMs along with missed calls charges.