CCP enforces ‘Competition Law’, Rs.27 Million in penalties recovered
The Competition Commission of Pakistan (CCP) has successfully recovered Rs.27 million in penalties from Reliance Paints and Pakistan Steel Mills (PSM) by exercising its authority under Section 40(2)(a) of the Competition Act, 2010, through the attachment of their bank accounts.
Mehfooz
CCP approves shareholding acquisition in NIT
The Competition Commission of Pakistan (CCP) has approved the acquisition of 8.33% shareholding in M/s. National Investment Trust Limited (NITL) by two Pakistani residents. Following the transaction, M/s. Adamjee Foundation will ceased to be a shareholder in NITL.
CCP engages all stakeholders, regulators in PTCL-Telenor merger
The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase II Merger analysis in response to the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (Private) Limited (Telenor).
Adil Aziz
CCP imposes Rs.60 Million penalty on a multinational for deceptive marketing
The Competition Commission of Pakistan (CCP) has passed an order imposing a fine of Rs 60 million on Unilever Pakistan for airing deceptive claims through television commercials for its hygiene and cleansing products, ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash’.
CCP hosts stakeholder engagement session for Cement manufactures
Competition Commission of Pakistan has hosted stakeholder engagement session, advocates significance of disclosing material information on Cement bags. This session is organized by CCP with the Ministry of Science and Technology and PSQCA.The Session was presided by Mr. Saeed Ahmed Nawaz, Member CCP.
CCP clears acquisition of P&G’s Safeguard manufacturing facility
The approved transaction entails the acquisition of certain assets of M/s Procter and Gamble Pakistan (Pvt.) Ltd (P&G) by M/s Nimir Industrial Chemicals Ltd (Nimir) under the Asset Purchase Agreement (APA).
CCP approves product supply agreement between Aramco, GO Petroleum
The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum) for importing and selling gasoline and diesel products to Pakistan.
CCP issues show cause notices to fertilizer firms
The Competition Commission of Pakistan (CCP) issued Show Cause Notices to the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and six leading fertilizer companies for allegedly fixing urea prices, a prima facie violation of Section 4 of the Competition Act, 2010.
Editor
Govt creating level playing field for businesses: Finance Minister
Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar expressed commitment to creating a level playing field for businesses and promoting healthy competition across all sectors of economy. She was talking to Chairman Competition Commission of Pakistan (CCP), Dr Kabir Ahmed Sidhu, who called on the federal minister here, finance ministry posted on…
CCP approves two mergers – home health care, insurance sectors
The Competition Commission of Pakistan (CCP) has granted approval to two mergers in-home healthcare services and non-life insurance sectors. The approvals were granted following the successful completion of Phase-1 competition assessment, conducted in accordance with Section 11 of the Competition Act, 2010, said a press release issued. The CCP approved the merger application filed by…