The Competition Commission of Pakistan (CCP) and the Federal Antimonopoly Service (FAS) of the Russian Federation have signed a Memorandum of Understanding to enhance bilateral cooperation in the field of competition policy.
\nThe MoU was signed by Chairman CCP Dr. Kabir Ahmed Sidhu and FAS Deputy Head Mr. Andrey Tsyganov during the 10th session of the Russia\u2013Pakistan Intergovernmental Commission on Trade, Investment, Scientific and Technical Cooperation, said a release issued here on Friday.
\nThe signing marks a significant step toward deepening institutional coordination, promoting fair market practices, and strengthening economic ties between the two countries.
\nThe MoU provides a structured framework for collaboration, including the exchange of expertise, best practices, and regulatory experience in areas such as cartel investigations, abuse of dominance, merger control, deceptive marketing, and sectoral competition assessments. Under the agreement, both authorities will engage through regular meetings, consultations, workshops, expert exchanges, and joint research initiatives.
\nFAS was established 35 years ago and operates with a significantly wider mandate compared to the CCP. It has nearly 1,000 employees at its headquarters, whereas the CCP has around 250 staff members in Islamabad.
\nFAS also maintains independent regional offices that play a highly effective role in curbing cartelization and deceptive marketing practices.
\nThe CCP stands to learn a great deal from Russia\u2019s extensive regulatory experience, and both sides will hold joint sessions in the near future to deepen cooperation and knowledge sharing.
\nThe cooperation is expected to pave the way for stronger regulatory coordination, enhanced enforcement capacity, and more competitive and consumer-friendly markets in both Pakistan and Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Competition Commission of Pakistan (CCP) and the Federal Antimonopoly Service (FAS) of the Russian Federation have signed a Memorandum of Understanding to enhance bilateral cooperation in the field of competition policy. The MoU was signed by Chairman CCP Dr. Kabir Ahmed Sidhu and FAS Deputy Head Mr. Andrey Tsyganov during the 10th session of …<\/p>\n","protected":false},"author":4,"featured_media":90140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-90270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=90270"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90270\/revisions"}],"predecessor-version":[{"id":90282,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90270\/revisions\/90282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/90140"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=90270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=90270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=90270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}