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What challenges do regulatory bodies in Pakistan face in controlling crisis profiteering?
Regulatory bodies like the Competition Commission of Pakistan (CCP) face limited roles and enforcement challenges during crises. Weak enforcement of price control laws and difficulties in regulating exploitative behaviors such as surge pricing, hoarding, and panic buying contribute to ineffective control over crisis profiteering. These challenges perpetuate a regulatory void that allows profit-seeking behavior to compromise market stability during emergencies.
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