Business

ISLAMABAD (Web Desk/APP) – The Competition Commission of Pakistan (CCP) has been awarded a 3-star rating in the annual ranking of the World’s top antitrust and competition authorities by the Global Competition Review (GCR).

The Rating Enforcement is the annual ranking of the world’s leading competition authorities that provides an extended evaluation of their operation and how they compare with each other, said a statement released by the committee.

Established on its overall performance during the past year, CCP’s ranking has been elevated to 3 stars out of 5.

The Commission’s three-star rating brings it at par with the competition authorities of Turkey, Portugal, Switzerland, Sweden, Singapore, Poland, New Zealand, Mexico and Austria.

Pakistan and India are the only two countries from South Asia to have been included in the Rating Enforcement 2016, with the Competition Commission of India (CCI) being downgraded to a 2-star rating.

The factors leading to the elevation of CCP’s rating by GCR include a balanced approach towards both enforcement and advocacy, a focal point on the staff’s capacity building, and improvement in internal operations.