AGL 38.18 Decreased By ▼ -0.22 (-0.57%)
AIRLINK 142.98 Increased By ▲ 7.98 (5.91%)
BOP 5.07 Decreased By ▼ -0.02 (-0.39%)
CNERGY 3.77 Decreased By ▼ -0.02 (-0.53%)
DCL 7.56 Decreased By ▼ -0.03 (-0.4%)
DFML 44.48 Increased By ▲ 0.03 (0.07%)
DGKC 76.25 Decreased By ▼ -1.15 (-1.49%)
FCCL 26.95 Increased By ▲ 0.07 (0.26%)
FFBL 52.00 Decreased By ▼ -0.97 (-1.83%)
FFL 8.52 Decreased By ▼ -0.02 (-0.23%)
HUBC 125.51 Increased By ▲ 1.71 (1.38%)
HUMNL 9.99 Increased By ▲ 0.05 (0.5%)
KEL 3.74 Increased By ▲ 0.01 (0.27%)
KOSM 8.15 Increased By ▲ 0.07 (0.87%)
MLCF 34.75 Increased By ▲ 1.05 (3.12%)
NBP 58.71 Increased By ▲ 0.22 (0.38%)
OGDC 154.50 Increased By ▲ 4.55 (3.03%)
PAEL 25.15 Increased By ▲ 0.45 (1.82%)
PIBTL 5.93 Increased By ▲ 0.08 (1.37%)
PPL 118.31 Increased By ▲ 6.66 (5.97%)
PRL 24.38 Increased By ▲ 0.48 (2.01%)
PTC 12.00 Decreased By ▼ -0.10 (-0.83%)
SEARL 56.00 Decreased By ▼ -0.89 (-1.56%)
TELE 7.05 Increased By ▲ 0.05 (0.71%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 6.98 Decreased By ▼ -0.07 (-0.99%)
TREET 13.98 Decreased By ▼ -0.18 (-1.27%)
TRG 46.10 Decreased By ▼ -0.13 (-0.28%)
UNITY 26.00 Decreased By ▼ -0.08 (-0.31%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 8,822 Increased By 86.7 (0.99%)
BR30 26,723 Increased By 466.7 (1.78%)
KSE100 83,532 Increased By 810.2 (0.98%)
KSE30 26,710 Increased By 328 (1.24%)

The Lahore Chamber of Commerce & Industry (LCCI) while expressing grave concern over the controversy arisen in respect of the Competition Commission of Pakistan's Ordinance, has said that it is a provincial subject and the Federal legislature should not transgress onto the Provincial domain.
The President LCCI, Zafar Iqbal Chaudhry, Senior Vice President Ejaz A Mumtaz and Vice President Faisal Iqbal Sheikh, in a joint statement here on Friday, said the LCCI has studied the contents of the proposed bill and is greatly concerned as it appears that the subject of competition and framing of laws thereon, are a provincial subject, and care should be taken that the Federal legislature does not transgress onto the Provincial domain.
They said that it also appears that the proposed law provides only a direct appeal before the Supreme Court against its decisions, by passing the High Courts, which is clearly a violation of the Constitution which provides that appeals against orders of such Commissions must first be preferred before the High Courts, prior to moving the Supreme Court.
They further expressed concern at the 'verbal tirade', launched by the CCP functionaries against the business community, referring to them in non-parliamentary terms such as "Mafias". This does not create a business friendly environment, which the country can ill afford in these troubled times, they added.
The LCCI high-ups feared that with the ordinance in place, the CCP would become a tool of persecution and blackmail. They said that it is sincerely hoped that the members of Parliament, as well as, government will act in a constructive manner regarding the proposed legislation, which is wholly unfair in its present shape.

Copyright Business Recorder, 2009

Comments

Comments are closed.