The Competition Commission of Pakistan (CCP) approved on Friday the acquisition of trademarks for the pharmaceutical product Claforan by Hoechst Pakistan Limited from Sanofi Aventis Deutschland GMBH. This acquisition was facilitated through a trademark assignment agreement, marking a significant transaction in Pakistan’s pharmaceutical industry.
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CCP Takes Action Against Misleading Retailer Discounts
The Competition Commission of Pakistan (CCP) has taken steps to address deceptive discount advertising practices among retailers, issuing notices to 20 brands involved in misleading “up to a percentage” discount offers during their “End of Season Sales.”
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CCP Moves to Phase II Analysis in PTCL-Telenor Merger
Islamabad, August 20, 2024 – The Competition Commission of Pakistan (CCP) has initiated a Phase II Merger analysis in response to the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (Private) Limited.
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CCP Imposes Rs 5 Million Fine on Paint Manufacturer
Islamabad, August 16, 2024 – In a significant move to protect consumer rights, the Competition Commission of Pakistan (CCP) has levied a Rs 5 million penalty on M/s Diamond Paint Industries (Pvt) Ltd.
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Unilever to Appeal Rs 60 Million Fine for Deceptive Advertising
Karachi, Pakistan – Unilever Pakistan has announced its decision to appeal a hefty Rs 60 million fine imposed by the Competition Commission of Pakistan (CCP). The fine, which stems from allegations of misleading advertising claims, specifically targets the marketing of Unilever’s Lifebuoy soap and hand wash products in Pakistan.
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CCP Slaps Rs60M Fine on Unilever Pakistan for Misleading Ads
KARACHI: August 10, 2024 — The Competition Commission of Pakistan (CCP) has imposed a substantial fine of PKR 60 million on Unilever Pakistan for broadcasting deceptive claims in television commercials for its hygiene and cleansing products, namely ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash.’
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CCP Greenlights EP Group’s Stake Acquisition in Thyssenkrupp
Islamabad, August 1, 2024 – The Competition Commission of Pakistan (CCP) has approved a significant merger in the steel industry with international implications, involving the EP Corporate Group (EPCG) acquiring over 20% shares from the German industrial conglomerate Thyssenkrupp.
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CCP Approves UBL’s Acquisition of Wall Street Exchange Assets
Islamabad, July 5, 2024: In a move set to reshape Pakistan’s cross-border remittance and currency exchange landscape, the Competition Commission of Pakistan (CCP) has approved the acquisition of certain assets of Wall Street Exchange Company (WSE) by UBL Currency Exchange (UCE).
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CCP Recovers Rs 5 M Penalty from Pakistan Newspapers Society
To uphold fair competition, the Competition Commission of Pakistan (CCP) has successfully recovered a Rs 5 million penalty from the All Pakistan Newspapers Society (APNS).
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CCP Grants Exemption for Aramco and GO Petroleum Deal
Islamabad, May 21, 2024 – The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on specific clauses of a product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum).
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