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World Consumer Rights Day to be observed today.

ISLAMABAD, March 15, 2012 (Balochistan Times): The World Consumers Day will be observed across Pakistan on March 15, like other parts of the globe, to highlight the importance of the day. The theme for World Consumer Rights Day (WCRD) 2012 is Our Money, Our Rights: Campaigning for Real Choice in Financial Services. Various civil societies and consumers rights organization would arrange programmes seminars , and talk shows highlighting the importance of the day. The global consumer movement will unite on March 15, to demand a real choice for consumers. In the lead up to the big day, Consumers International (CI) will be working with its members to take action on the issue, and highlight activity around the world. Consumers around the world are getting a bad deal from financial services. But a lack of effective competition in the market makes it difficult, if not impossible, for them to shop around. For example, consumers often have trouble understanding different financial products, either due to a lack of information or because the products themselves are too complex, or both. Furthermore, changing to a different provider can be challenging, either because the switching process is prohibitively complicated, or simply because there are not enough financial institutions in the market competing to provide better deals. As it stands, banks and other service providers do not have a strong incentive to offer more choice and improved services, and consumers are trapped in bad deals. This is true for all sorts of financial services - from bank accounts and loans to global money transfers. The CI members around the world are busy preparing a variety of activities to highlight this years theme. The CI is mapping member activity for WCRD 2012 in different countries as it unfolds. The Network for the Protection of Consumers in Pakistan in collaboration with the international groups is working for the protection of consumers rights in Pakistan in various fields. The Network, was founded in 1992 as a non-governmental organization with focus on medicines and public health, later expanded its attention to consumer protection in general, governance and citizens access to justice. Over the years, the organization has emerged as an effective advocacy group, working at the local, national and international levels. The Network activities include public policy advocacy, building of informed opinion, action-oriented research, publications and educating consumers about their rights and responsibilities. A Consumer Complaint Cell in the organization is dedicated to addressing peoples complaints against public and private bodies/services including necessary legal guidance and support. In Pakistan, there is a sound regulatory mechanism of international standards including The Competition Commission of Pakistan (CCP) which is effectively working for the protection of consumers right, and promoting fair business practices and healthy competitions among the market players. The Competition Commission of Pakistan (CCP) is an independent quasi-regulatory, quasi-judicial body that helps ensure healthy competition between companies for the benefit of the economy. The Commission prohibits abuse of a dominant position in the market, certain types of anti-competitive agreements, and deceptive market practices. It also reviews mergers of undertakings that could result in a significant lessening of competition. Combined with its advocacy efforts, the Commission seeks to promote voluntary compliance and develop a competition culture in the economy.

(THROUGH ASIA PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Geographic Code:9PAKI
Date:Mar 15, 2012
Words:539
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