Abstract
The present study makes an attempt to make comparison between China and Pakistan with reference to Competition law. The research aims to find out that whether or not the evidences submitted by the companies during the course investigation can substantially be used in any other legal proceeding. As far as the methodology of this study is concerned, qualitative data analysis is used along with comparative legal method for analyzing “de lege lata” and “de lege ferenda” situation in scope of the solved topic. The study finds out that competition in Pakistan works same as China’s AML since both forbids actions that play their negative role in reducing the competition like market dominance in the market. Therefore, the act encourages agreements that confine and restrict market dominance. Furthermore, methods and policies are stated by the law with reference to review of enquiries, acquisitions, mergers, penalties’ imposition, leniency’s grant along with other aspects of law enforcement. The evidences submitted by the companies during the course investigation can substantially be used in any other legal proceeding. The study concluded while contending that, however, AML in China and competition Act in Pakistan has provided both countries substantive and sound law, but there is need of strong and effective institutional implement which can provide a base for the evidences submitted by the companies during the course investigation to be substantially used in any other legal proceeding. Compliance is promoted by leniency through competition law along with incentives to prohibited arrangements. Qualitative research methodology has been applied to the following article.
Highlights
There has more than 60 years of Pak-China friendship, since both countries extend their support to each other through thick and thin
Cultural and economic relationship has been enjoyed by Pakistan and China (Irshad, 2005)
Compliance is promoted by leniency through competition law along with incentives to prohibited arrangements
Summary
There has more than 60 years of Pak-China friendship, since both countries extend their support to each other through thick and thin. It is said that the friendship between both countries is higher than mountains and deeper than oceans The relationship of both counties has emerged as a good model for neighboring countries’ peaceful co-existence. Cultural and economic relationship has been enjoyed by Pakistan and China (Irshad, 2005). Both have always strived in order to promote stability, peace as well as economic prosperity in the region of south Asia. The political relations of Pakistan and China are deep; both countries need to work more on their economic relationships. Free Trade Agreement was known as a milestone to achieve this agreement was signed in 2007; CPEC (China-Pakistan economic corridor) is regarded to be stepping stone in order to augment both countries’ economic relations (GAO, 2003). Crucial role is given by the AML which for China is a great leap forward
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