Pakistan is amongst one of the few countries where trade organisations are regulated by the government.
In order to regulate these organisations, Trade Organisation Act was introduced in 1961. This act was later amended in the shape of trade organisations act 2013, with the main objective to frame rules and regulations for trade organizations. One of the main purposes of this act is to ensure appropriate representation of all businesses at all levels in business organisations. The act also focuses on defining the purpose, role, responsibilities and appropriate framework including code of corporate governance for trade organisations. The Director General Trade Organisations (DGTO) was established in 2007 as a regulatory body to implement the provisions of the aforesaid ordinance.
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Facilitation versus Intervention – An analysis of trade organizations act 2013
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