ISLAMABAD: The Competition Commission of Pakistan has formally approached the Ministry of Finance to start the process of re-promulgating the Competition Ordinance which will lapse on March 26.

A letter, sent to the ministry by CCP chairman Khalid Mirza on Wednesday, said the country would be without competition laws if the ordinance was not re-promulgated.

The CCP letter also said that the ordinance should be re-promulgated in its original form where the Supreme Court was the appellate forum against orders of the commission without an intermediate appeal to high courts.

The letter said that in the ordinance published in the Gazette of Pakistan on Nov 26, 2009, the forum for appeal against a CCP decision was the Supreme Court.

The Competition Ordinance, 2009, was introduced in the National Assembly and amendments were made without the approval of the National Assembly’s standing committee on finance.

The Competition Bill, 2010, after its approval by the National Assembly was tabled in the Senate on Feb 24.

However, because of misplaced opposition by some senators, the bill was referred to the standing committee on finance for consideration and it was to report its findings within three weeks.
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