CCP Grants Conditional Exemptions to Transport and Logistics Ventures

The Competition Commission of Pakistan (CCP) has provided conditional exemptions to entities within the transport and logistics sectors, permitting specific restrictive clauses in joint venture agreements. These exemptions aim to bolster Pakistan’s logistical capabilities.

A press release issued on Monday stated that these exemptions were sanctioned after a thorough examination by the CCP’s Exemptions Department. The department evaluated the statutory framework, potential effects on the market, and the long-term investment strategies linked to these collaborative initiatives.

The statement mentioned, “These collaborations were deemed to fulfill the criteria outlined in Section 9 of the Competition Act, 2010. The joint ventures are anticipated to stimulate technical advancement, boost operational effectiveness, and raise service benchmarks in the logistics and freight industries.”

Benefits of the Joint Ventures

The CCP noted that these joint ventures would integrate international leading practices with local proficiency, fostering infrastructure development, innovation, and enhanced customer benefits.

Certain provisions in the shareholder agreements, including non-compete and exclusivity stipulations, received conditional approval. This ensures investment security and proper coordination, while also guarding against the risks of market monopolization.

The CCP emphasized that these approvals underscore its dedication to enabling strategic business partnerships that encourage economic progress, all while maintaining an open, equitable, and competitive environment free from the misuse of dominance.

The statement concluded, “All exemptions are contingent upon strict adherence to conditions designed to uphold competitive dynamics within the marketplace.”