ISLAMABAD: The Chairman of Competition Commission of Pakistan (CCP), Khalid Mirza, has urged the government to get the Competition Commission Ordinance 2007 validated from the Parliament, or it would be disastrous for the economy and a conspiracy against the general public.

Talking to a group of journalists on Tuesday, he said that the CCP would cease to exist if the elected Parliament was unable to approve the Competition Ordinance 2007 by November 28, as directed by the Supreme Court.

In case the parliament approves the Competition Ordinance, 2007, all actions and decisions taken by the Commission would get validated, he added.

He said that if the Parliament did not approve the Ordinance promulgated on October 2, 2007, its actions taken in first four months would have legal backing till February 2, 2008 but legality of action taken after February 3 to date would pose question mark on which it could not interpret.

The legal implications of not approving Ordinance would have serious consequences on the entire economy.

Therefore, the Ordinance 2007 has to be approved by the Parliament at any cost to avoid such legal complications.

In case the Parliament does not validate the Ordinance by November 28, 2009, he said, it would badly effect the economy.