Regulatory bodies take centre stage in strengthening business competitiveness in Pakistan

ISLAMABAD - In a significant push towards economic revitalisation, Pakistan’s leading regulatory bodies are emerging as central players in driving business competitiveness and restoring investor confidence. Key institutions including the Competition Commission of Pakistan (CCP), the Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the Securities and Exchange Commission of Pakistan (SECP) are implementing wide ranging reforms aimed at fostering transparency, accountability, and growth in the national economy. Under the leadership of Dr Kabir Sidhu, the Competition Commission of Pakistan has undergone a notable transformation, asserting itself as a proactive regulator focused on ensuring fair market practices. The CCP has taken decisive action against monopolistic behaviors and deceptive marketing strategies, recovering significant penalties over the past year. The Commission has also overseen several key merger cases, closely scrutinizing transactions to prevent ant...