Monopolies and Restrictive Trade Practices (Control and Prevention) (Amendment) Ordinance 2002

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MONOPOLIES AND RESTRICTIVE TRADE PRACTICES (CONTROL AND PREVENTION) (AMENDMENT) ORDINANCE, 2002

ORDINANCE CI OF 2002

An Ordinance further to amend the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970

[Gazette of Pakistan, Extraordinary, Part I, dated 26-10-2002]

**F.No.2(1)/2002-Pub., dated 26-10-2002.---**The following Ordinance promulgated by the President is hereby published for general information:--

Whereas it is expedient to amend the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970, (V of 1970), for the purposes hereinafter appearing;

And whereas the President is satisfied that circumstances exist which render it necessary to take immediate action;

Now, therefore, in pursuance of the Proclamation of Emergency of the Fourteenth day of October, 1999, and the Provisional Constitution Order No. 1 of 1999, read with the Provisional Constitution (Amendment) Order No.9 of 1999; and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is pleased to make and promulgate the following Ordinance:--

1. Short title and commencement.---(1) This Ordinance may be called the Monopolies and Restrictive Trade Practices (Control and Prevention) (Amendment) Ordinance, 2002.

(2) It shall come into force at once.

2. Amendment of section 25, Ordinance V of 1970.---In the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970, (V of 1970), in section 25,-

(a) in clause (d), for the full stop at the end a comma and word, "or" shall be substituted; and

(b) after clause (d), amended as aforesaid, the following new clause shall be added, namely:--

"(e) to the activity or functions of an undertaking or undertakings as are regulated, prescribed, determined or required to be approved by a Regulatory Authority.

Explanation.---For the purposes of clause (e) the expression "Regulatory Authority" means--

(i) the National Electric Power Regulatory Authority established under the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (XL of 1997);

(ii) the Pakistan Telecommunication Authority established under the Pakistan Telecommunications (Re-organisation) Act, 1996 (XVII of 1996);

(iii) the Oil and Gas Regulatory Authority established under the Oil and Gas Regulatory Authority Ordinance, 2002 (XVII of 2002); and

(iv) any other Regulatory Authority as the Federal Government may, by a notification in the official Gazette, specify."

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