ISLAMABAD: In order to assist the government in ensuring worldwide regulatory uniformity, the Competition Commission of Pakistan (CCP) has begun a competition evaluation of digital markets and services.
The goal of the research is to comprehend how competition, economic growth, and job possibilities are affected by digital markets and services.
The CCP hopes to present a draft bill on digital markets at the conclusion of this research project. Other nations that have already regulated their markets include Russia, the United Kingdom, the United States, and India.
Pakistan’s transition to digital marketplaces calls for aggressive regulations to foster competition. To stop big digital platforms and service providers from acting in an anti-competitive manner, unambiguous regulations must be established and enforced.
Digitalization has altered the competitive landscape by generating new markets and transforming those that already existed. The study will examine the potential and obstacles that the digital economy presents for competition and make recommendations for pro-competition laws that take into consideration the particular characteristics of these sectors.
There are now serious concerns about competition due to the rise of a few dominant platforms, the importance of data (personal and organizational), and the usage of algorithms.
