ISLAMABAD: The Ministry of Finance is reportedly waiting for the retirement of a well connected bureaucrat for appointment as Chairperson of the Competition Commission of Pakistan (CCP), reliable sources told Business Recorder.
The position has remained vacant since Dr Kabir Ahmed Siddu left the CCP to join the Securities and Exchange Commission of Pakistan (SECP).
Following his departure, the commission is facing administrative uncertainty, as no look-after charge has been formally assigned in accordance with the CCP Act.
Sources said the delay in appointing a new chairperson is hampering regulatory proceedings, constitution of benches, and issuance of decisions in completed inquiries.
Meetings of the commission cannot be convened for enforcement actions on anti-competitive practices, nor can key administrative and financial matters be finalized.
Officials cautioned....
