CCP Archives - Page 3 of 5

CCP slaps Rs155 million fine for poultry cartelization

April 30, 2025April 30, 2025Mrs. Anjum Shahnawaz

Islamabad, April 30, 2025 — In a major crackdown on anti-competitive behavior, the Competition Commission of Pakistan (CCP) has imposed a hefty penalty of Rs155 million on eight leading poultry hatcheries for cartelization and price-fixing in the market of day-old broiler chicks (DOCs).

Tribunal Upholds CCP Order in Karachi Nimco Deception Case

April 19, 2025April 19, 2025Mrs. Anjum Shahnawaz

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Karachi Nimco, confirming a penalty of Rs20 million imposed by the Competition Commission of Pakistan (CCP) for deceptive marketing practices and trademark imitation.

Only 3% Motor Vehicles Insured Despite Mandatory Law: CCP

April 18, 2025April 18, 2025Faisal Shahnawaz

Islamabad, April 18, 2025 – In a recent report, the Competition Commission of Pakistan (CCP) has expressed grave concern over the extremely low insurance coverage of motor vehicles in the country.

CCP Slaps Rs25 Million Penalty on Hyundai Motors for Deception

April 16, 2025April 16, 2025Faisal Shahnawaz

Islamabad, April 16, 2025 – The Competition Commission of Pakistan (CCP) has imposed a hefty fine of Rs25 million on Hyundai Nishat Motors for deceptive marketing practices surrounding the highly anticipated 2020 launch of its Tucson SUV.

CCP Approves Acquisition of Hotel Margala by Nishat Hotels

February 22, 2025February 22, 2025Mrs. Anjum Shahnawaz

Islamabad, February 22, 2025 – The Competition Commission of Pakistan (CCP) has given its official approval for the acquisition of assets belonging to M/s Hotel Margala Private Limited by M/s Nishat Hotels and Properties Limited.

CCP Approves 94.8% Stake Acquisition in FINCA Bank

January 13, 2025January 13, 2025Faisal Shahnawaz

ISLAMABAD, January 13, 2025 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited.

Aurangzeb Directs CCP to Expedite Action Against Cartelization

December 3, 2024December 3, 2024Mrs. Anjum Shahnawaz

Islamabad, December 3, 2024 – The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has instructed the Competition Commission of Pakistan (CCP) to expedite its investigations into cartelization and collusive practices, emphasizing the government’s unwavering commitment to fostering competition and disciplining markets.

CCP Imposes Penalty on Pharma Firm Over Fake Certification

November 24, 2024November 24, 2024Mrs. Anjum Shahnawaz

The Competition Commission of Pakistan (CCP) has imposed a hefty fine of Rs. 20 million on a pharmaceutical company for using fraudulent certification for kidney dialysis machines and referred the matter to the Federal Investigation Agency (FIA) for further investigation.

CCP Concludes Phase-II Review of PTCL’s Telenor Acquisition

November 22, 2024November 22, 2024Web Desk

The Competition Commission of Pakistan (CCP) has finalized all formalities for the Phase-II review of Pakistan Telecommunication Company Limited’s (PTCL) acquisition of 100% shareholding in Telenor Pakistan Pvt Ltd and Orion Towers Pvt Ltd.

CCP Greenlights Total Parco Stake Transfer Deal

November 18, 2024November 18, 2024Mrs. Anjum Shahnawaz

Islamabad, November 18, 2024 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 50% stake in Total Parco Pakistan Limited (TPPL) by Aquashore SA, a Switzerland-based company operating under the Gunvor Group. This strategic move further underscores the growing global interest in Pakistan’s dynamic energy sector.

Tag: CCP