CAT dismisses banks’ appeals, upholds CCP’s Rs.205M penalties in ESA Cartel Case
The CCP had imposed a penalty of PKR 30 million on the PBA and PKR 25 million each on Habib Bank Limited, Allied Bank Limited, MCB Bank Limited, United Bank Limited, Saudi Pak Bank Limited, Atlas Bank Limited, and National Bank Limited.
Mehfooz
CCP Slaps Fine on Mezan Beverages for Deceptive Marketing
The Competition Commission of Pakistan (CCP) has imposed a penalty of PKR 150 million on Mezan Beverages (Private) Limited, the commission said on today (Jan 02).
Adil Aziz
CCP authorizes acquisition of Elite Hospitality Ventures by JS Hotel REIT
The Competition Commission of Pakistan (CCP) has authorized the proposed acquisition of Elite Hospitality Ventures (Private) Limited by JS Hotel REIT.
CCP Approves acquisition of Standpharm Pakistan by Crest Garments International
The Competition Commission of Pakistan (CCP) authorized the transaction of Standpharm Pakistan (Private) Limited by Crest Garments International (Private) Limited, which forms part of an internal corporate restructuring as both entities are under the common ownership and management of the same group of individual shareholders, according to the CCP statement.
Editor
CCP approves acquisition of FLSmidth Cement by Corsica Buyer ApS
The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s FLSmidth Cement by M/s Corsica Buyer ApS under a global Share Purchase Agreement.
CCP Launches Crackdown on Harmful Whitening Creams in Pakistan
The Competition Commission of Pakistan (CCP) has launched a nationwide probe against companies involved in making, marketing, and selling mercury-laden skin whitening creams. The move aims to protect consumers from serious health risks and to ensure fair competition in the cosmetics market.
CCP Imposes Rs.1.5 Billion Fine on Steel Firms for Price-Fixing
The Commission’s detailed order notes that ASML and ISL coordinated pricing strategies, fixed flat steel prices, and exchanged commercially sensitive information, thereby distorting competition and harming consumers. The CCP inquiry report suggested that the steel cartel increased prices by an average of 111%, with raw steel prices surging by Rs146,000 per tonne over three years….
CCP Approves Nippon Express-TCS Logistics Acquisition Deal
The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a certain shareholding in TCS Logistics (Private) Limited by ‘Nippon Express’ (South Asia & Oceania) Pte. Limited.
Home appliance companies deposit Rs.90 Million fine to CCP
The Competition Commission of Pakistan (CCP) has received a total amount of Rs.90 million from two electronic home appliance brands, paid against the penalties imposed for engaging in anti-competitive conduct.
CCP Recovers Rs.150 Million from Reckitt Benckiser Over Strepsils Misleading Ads
The Competition Commission of Pakistan (CCP) has recovered a penalty of Rs.150 million from Reckitt Benckiser Pakistan Limited for the deceptive marketing of its product Strepsils.