The Competition Commission of Pakistan (CCP) has blamed the country’s recent sugar shortage on the export of the commodity, which it says was allowed based on inaccurate production and stock estimates. During a high-level meeting in Islamabad chaired by Federal Finance Minister Muhammad Aurangzeb, CCP officials revealed that the Sugar Advisory Board’s flawed data misrepresented […]
Competition Commission of Pakistan (CCP)
Sugar cartel case hearing postponed after 70 mills’ request
The hearing of the sugar cartel case has been postponed until next month following a request by lawyers representing over 70 sugar mills. The Competition Commission of Pakistan (CCP) has rescheduled the hearing for September 22 to 25. The delay came after the mills cited Supreme Court holidays as the reason for seeking a postponement. […]
Finance minister hails CCP’s legal reforms, FDI boost
Finance Minister Muhammad Aurangzeb has praised the Competition Commission of Pakistan (CCP) for its strong recent performance, particularly for reducing the backlog of court cases. Speaking in the Senate, he noted that the number of pending cases has dropped from 577 to around 300 over the last two years, thanks to the commission’s proactive litigation […]
UDPL, IBL weigh legal action after Rs42m CCP fine over anti-competition pact
United Distributors Pakistan Ltd (UDPL) and International Brands Ltd (IBL) are considering legal options after the Competition Commission of Pakistan (CCP) imposed a Rs42 million penalty. The fine was linked to a non-compete agreement between the two firms, which the CCP declared anti-competitive and illegal under Section 4 of the Competition Act, 2010. The CCP […]
Pharma giants fined Rs42m over Rs1.13bn anti-competition pact
The Competition Commission of Pakistan (CCP) has fined two companies for making an illegal deal worth Rs1.13 billion. United Distributors Pakistan Limited (UDPL) and International Brands Limited (IBL) were found guilty of signing a non-compete agreement. The CCP said this deal was against Section 4 of the Competition Act, 2010. The deal stopped UDPL from […]
CCP slaps Rs375m fine on fertiliser firms for price-fixing
The Competition Commission of Pakistan (CCP) has fined six major fertiliser companies and their industry association a total of Rs375 million for anti-competitive practices. Each company was fined Rs50 million, while their trade body, the Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC), received a Rs75 million penalty. The action followed a suo motu inquiry into […]
Secure logistics gets green light to acquire trax online from CCP
The Competition Commission of Pakistan (CCP) has officially approved Secure Logistics Group Ltd. (SLGL) to fully acquire Trax Online (Pvt.) Ltd., a growing e-commerce logistics firm, under a Share Purchase Agreement (SPA). The transaction marks a major development in Pakistan’s fast-evolving logistics and digital commerce landscape. Both parties submitted a pre-merger application, and after detailed […]