Islamabad, 7 December 2023: The Competition Commission of Pakistan (CCP) has granted approval for the merger of a listed company, M/s. First UDL Modaraba, with a public unlisted company, M/s. UDL International Limited. The merger approval will lead to the listing of the previously unlisted company on the Pakistan Stock Exchange. The merger reflects the … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has taken action against Peshawar Electric Supply Company (Pesco) for abusing its dominant position and requiring it to restore right of way (ROW) to cable, internet, and telephony service providers. The Pesco was dominant in the market for ROW through electric poles availed by different types of cable … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs1 billion on Haier and Rs100 million on DEL/Dawlance for anti-competitive conduct in the form of resale price maintenance (RPM) practices. The CCP passed an order against Haier and DEL/Dawlance for violation of the Section 4 of the Competition Act, 2010 for entering … Read more
KARACHI: The Competition Commission of Pakistan (CCP) and the Pakistan Institute of Corporate Governance (PICG) have signed a MoU for strengthening corporate governance and compliance, a statement said. CCP Chairperson Rahat Kaunain Hassan and PICG Chief Executive Officer Ahsan Jamil signed the memorandum of understanding (MoU) in a ceremony at the CCP’s head office in … Read more
ISLAMABAD: The Islamabad High Court (IHC) has issued an order upholding the constitutionality of the Competition Act, 2010 and the Competition Commission of Pakistan. The decision was announced in the court by Justice Babar Sattar. The order was issued in WP 4942/2010 titled “Islamabad Feeds and others vs Federation of Pakistan and others.” On the … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has found that two leading tractor manufacturers, Millat Tractors Ltd (MTL) and Al-Ghazi Tractors Ltd (AGTL), are prima facie abusing their dominant position in violation of Section 3 of the act and have entered into prohibited agreement (Cartelisation) in violation of Section 4 of the act. The commission … Read more
KARACHI: It seems this year’s corporate result announcement season will not be fortunate for the sugar mills as increased regulation and taxes on the commodity sales would further impact the books of already depressed mill owners. Four sugar mills posted financial results for the nine-month period ended June 30, 2021 on Tuesday, which do not … Read more
KARACHI: The Competition Commission of Pakistan (CCP) has launched an inquiry against the online food delivery service platform/aggregator, Foodpanda, for its alleged abuse of dominant position and possible violation of the prevailing laws in the market of online food delivery platforms, a statement said on Wednesday. The inquiry committee will also review and place before … Read more
ISLAMABAD: Speculations about the introduction of the presidential system of government in the country have reached the Supreme Court in the form of a petition asking Prime Minister Imran Khan to hold a nationwide referendum to open the way for a presidential system of government instead of the existing parliamentary system. According to the details, … Read more
Taking notice of the widespread concerns and complaints regarding the prima facie deceptive marketing practices by various housing schemes in Punjab, the Competition Commission of Pakistan (CCP) has launched an enquiry to see 88 housing schemes have violated Section 10 of the Competition Act 2010. The Lahore Development Authority (LDA) informed through a letter that … Read more
