logo
CCP conducts 24 inquiries in 2024-25

CCP conducts 24 inquiries in 2024-25

Business Recorder15 hours ago
ISLAMABAD: To ensure fair business practices in markets, the Competition Commission of Pakistan (CCP) conducted 24 new inquiries in corporate sector including 11 related to cartelization and 13 concerning deceptive marketing practices in 2024-25.
The CCP undertook robust enforcement measures in fiscal year (2024–25), targeting cartelization, abuse of dominant position, and deceptive marketing practices.
The Commission successfully concluded 14 investigations, which were forwarded for the adjudication process. The sectors under scrutiny included e-commerce, telecommunications, aviation, steel, transport, edible ghee and cooking oil, pharmaceuticals, construction, commodities, and education.
The Cartel and Trade Abuse Department of the CCP, in its efforts to curb cartelization and market manipulation, initiated 11 new inquiries across various sectors, including e-commerce, telecommunications, aviation, steel, transport, edible ghee, cooking oil, and gas. In addition, 10 ongoing inquiries from previous periods were also under investigation. The department successfully concluded 9 inquiries, which were subsequently forwarded for adjudication. A key case involved ten steel structure suppliers allegedly engaged in bid rigging in tenders issued by power distribution companies (DISCOs). Another major case focused on two leading flat steel manufacturers accused of price fixing.
In the transport sector, proceedings were initiated against the Transporters Goods Association (TGA) and the Local Goods Transport Association (LGTA) for allegedly fixing freight rates for cargo transport from Port Qasim. In the cables industry, leading companies were investigated for restricting their dealers from offering discounts below the notified prices—an act considered a prohibited agreement under Resale Price Maintenance (RPM).
The CCP's Office of Fair Trade (OFT) initiated 13 new investigations against businesses involved in deceptive marketing practices. Additionally, 8 inquiries from the previous year remained ongoing. OFT successfully concluded five investigations—two in the pharmaceutical sector and one each in the construction, commodities, and education sectors.
Notable cases of deceptive marketing included AR Amreli Builders for unauthorized use of Amreli Steels' trademark, Panther Tyres for allegedly misleading claims of being 'Pakistan's No 1 Tyre,' and FS Cosmetics for copying Dabur Amla Hair Oil's packaging — for making misleading claims.
Chairman CCP, Dr Kabir Sidhu, stated that cartelisation, market manipulation through abuse of dominance, and deceptive marketing severely harm consumer rights and distort healthy competition. He emphasized that the CCP maintains zero tolerance for such practices and is committed to taking strict action against them.
Copyright Business Recorder, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘$50mn in FDI': CCP approves 69 merger and acquisition in FY2024-25
‘$50mn in FDI': CCP approves 69 merger and acquisition in FY2024-25

Business Recorder

time3 hours ago

  • Business Recorder

‘$50mn in FDI': CCP approves 69 merger and acquisition in FY2024-25

The Competition Commission of Pakistan (CCP) approved a total of 69 merger and acquisition (M&A) transactions during the fiscal year 2024-25, facilitating foreign direct investment (FDI) inflows of approximately $50 million, a CCP statement said on Tuesday. The transactions spanned diverse sectors, including food, finance, logistics, aerospace, media, and e-commerce, it added. 'Prominent FDI transactions included a joint venture between NLC and DP World Logistics FZE, facilitated by SIFC, and the acquisition of Wemsol by Bazaar Technologies in the e-commerce sector. FY2024-25: CCP ramps up enforcement against cartels, deceptive marketing In agribusiness, Italy's Euricom S.P.A. acquired 50% of Fatima Euricom Rice Mills. The media sector saw Berkeley Square Holding BV acquire 50% stakes in Ogilvy & Mather, Mindshare, and Soho Square Pakistan. Additionally, Saudi firm Wakeb Data Company acquired an 80% stake in drone technology company Woot Tech,' the statement read. In addition to foreign investment transactions, CCP approved 64 domestic M&A deals across sectors such as retail, services, logistics, energy, food, and manufacturing. Sector-wise, 25 transactions occurred in industrial and manufacturing, 14 in energy and power, 13 in services, 11 in financial services, five in consumer goods and retail, and one in real estate. Major domestic transactions included Asyad Holding's acquisition of 77.42% shares in Shell Pakistan via UAE-based Wafi Energy, marking a key move in the energy sector. Alfalah Asset Management took over fund management rights from Faysal Asset Management, while Sapphire Fibres and Mindbridge jointly acquired Uch Power and Uch-II Power, CCP said. 'Other notable domestic transactions were PPR Holding A.S. acquiring full ownership of SadaPay Technologies, Nimir Industrial Chemicals acquiring assets of Procter & Gamble Pakistan, Naubahar Bottling Company acquiring bottling assets of JK Sugar Mills, and the merger of DWP Engineering Industries with Digital World Pakistan.' Additionally, during FY2024-25, CCP said it granted 38 conditional and time-bound exemptions under the Competition Act, 2010. Two firms found guilty of Rs1.13bn anti-competitive pact in pharmaceutical sector 'These exemptions were awarded across multiple sectors, including automotive, pharmaceuticals, consumer goods, food & beverages, energy, logistics, telecommunications, banking & finance, tobacco, aviation, and packaging,' the commission said.

Pakistan's textile exports rise 7.22% YoY
Pakistan's textile exports rise 7.22% YoY

Business Recorder

time13 hours ago

  • Business Recorder

Pakistan's textile exports rise 7.22% YoY

ISLAMABAD: The country's textile exports for fiscal year 2025 clocked in at $17.88 billion, up by 7.22 percent year-on-year (YoY) compared to $16.68 billion in fiscal year 2024. According to data from the All Pakistan Textile Mills Association (APTMA), textile exports were down by 7.36 percent compared to the peak of $19.3 billion in fiscal year 2022. Jul-Mar textile group exports up 9.38pc to $13.613bn YoY Textile exports stood at $1.53 billion in June 2025, showing an increase of 7.75 percent on a YoY basis compared to $1.42 billion in June 2024. Copyright Business Recorder, 2025

PTCL deploys 5G-ready connectivity solutions at Sukh Chayn Residence
PTCL deploys 5G-ready connectivity solutions at Sukh Chayn Residence

Business Recorder

time13 hours ago

  • Business Recorder

PTCL deploys 5G-ready connectivity solutions at Sukh Chayn Residence

KARACHI: PTCL Group (PTCL & Ufone 4G) in collaboration with Huawei, has deployed state-of-the-art connectivity solutions at Sukh Chayn Residence, a premier luxury residential complex in Islamabad, to redefine smart living. This unique collaboration combines 5G Ready Digital Indoor System (DIS) Lampsite and High-speed Fiber-To-The-Home (FTTH) with luxury living to set a new standard for digital lifestyle in Pakistan. Sharing his thoughts, Asif Ahmed, Group Chief Business Solution Officer, PTCL & Ufone 4G said, 'This partnership reaffirms PTCL Group's leadership in B2B solutions and the unwavering faith vested by individual and enterprise customers in the brand. This project signifies our vision for the future of connectivity in Pakistan and strengthens our commitment to deploying cutting-edge digital solutions that transforms living experience.' Muhammad Saleh Azeem, CEO, Sukh Chayn Residence, said, 'We are proud to partner with PTCL Group to offer our residents an unparalleled digital living experience. Becoming the first 5G-ready residential complex testifies to our commitment to meeting the growing needs of our residents. Our forward-looking approach makes us the housing brand of the future.' Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store