Pakistan, June 6 -- The Competition Commission of Pakistan (CCP) has granted exemptions to boost innovation access in Pharmaceutical sector for maintaining market fairness.

In line with its mandate to promote fair competition and protect consumer welfare, the CCP has granted six exemptions to undertakings in the pharmaceutical sector for the fiscal year 2024-25, under Section 5 of the Competition Act, 2010,said a press release issued here on Thursday.

These exemptions relate to specific restrictive clauses in commercial agreements-such as territorial exclusivity and non-compete provisions-that would ordinarily be considered anti-competitive under Section 4 (Prohibited Agreements) of the Act.

However, after conducting rigorous due dilig...