The Competition Commission of Pakistan (CCP) has imposed penalties on various different private and public sector companies for indulging in deceptive marketing practices in violation of the Competition Act, 2010.
The CCP imposed penalties on organizations dealing in banking and finance, telecom, agriculture and education sectors in order to deter them from business malpractices and maintain transparency in the market.
Prior to imposing fines, the Competition Commission of Pakistan (CCP) had conducted a neutral inquiry for maintaining transparency in market.
Fines imposed by CCP
- Pakistan Banks Association: Rs. 30 million
- Habib Bank Limited: Rs.25 million
- Allied Bank Limited: Rs .87 million
- Al- Abbass Cement: Rs. 374 Million
- Attock Cement: Rs. 562 million
- Pakistan Poultry Association (PPA):Â Lucky Cement:Â Rs.50 million
- University of Faisalabad: Rs. 5 million
- University of South Asia: Rs. 5 million,
- Telecard: Rs. 189 million
Replying to a question, an official from the commission said that the CCP is mandated under the Competition Act, 2010 to ensure fair competition in all spheres of commercial and economic activity.
He said that CCP is committed to maintain transparency for enhancing economic efficiency and to protect consumers from anti- competitive practices including deceptive marketing.
He said the CCP continues to work towards promoting a healthy competition in all spheres of commercial and economic activity and to protect consumers from anti-competitive behavior.
Via Associated Press of Pakistan
which company is Talcard? Haven’t heard the name before.
Telecard was a calling card company they had phone booths across Karachi and other cities you had to buy the card and then in return you would get minutes just put the card in the machine and make your call till your prepaid credit lasts. Haven’t seen or heard from them in a long while
Thank you brother :)
these companies were those when in PPP govt call rates from out of Pakistan were increased..
Why on University of Faisalabad?
due to deceptive marketing practices
why not auto companies, Indus, suzuki, atlas honda????
They are also under investigationsss
Are you seriously joking! The people at CCP must really be on “bhang” if they have not put PTCL IN THIS LIST, hell for that matter PTCL should have topped the list.
Fine was also imposed on PTCL and its 8.3 billion for your kind information
Well this article fails to mention PTCL.
Any ways imposing fines is one thing actually receiving the fines is a completely different story. mukmuka at its best
Kid…stop speculations….please go and check records of Sindh High court and Supreme Court of Pakistan,,they have filed appeals before these forums and obtained stay orders….and don’t trust these articles..i know from where this information was taken…stop blaming any organization without any proof….you people are the reflection of our society who without any evidence started bashing peoples….absurd…
Haan agr ab bi araam nhi aa raha to this is my fone number call me and then i’ll tell you who did the mukmuka 03215428044
Please read the below mentioned links plenty more on Google.
Happy reading!
Topic Title: Audit report reveals incompetence, negligence and corruption at CCP.
Topic Link: http://www.pakistantoday.com.pk/2015/10/14/business/audit-report-reveals-incompetence-negligence-and-corruption-at-ccp/
Author: Mian Abrar – Website: Pakistantoday.com.pk (posted October 14 2015)
Topic Title:Pakistan to Let Go of $800 Million Outstanding Amount from Etisalat
Topic Link: https://propakistani.pk/2016/09/28/pakistan-let-go-800-million-outstanding-amount-etisalat/
Author: Amin Yusufzai- Website: Propakistani (posted 2 days ago)
Topic title:The Tale of PTCL’s Sale and How Etisalat Got Away without Paying
Topic link: https://propakistani.pk/2016/04/06/the-tale-of-ptcls-sale-and-how-etisalat-got-away-without-paying-usd-800-million/
Author: Amin Yusufzai- Website: Propakistani (posted 6 months ago)
Topic Title: Etisalat Still to Pay $800 Million Even After 11 Years of PTCL Buyout.
Topic link: https://propakistani.pk/2015/05/21/etisalat-still-to-pay-800-million-even-after-11-years-old-ptcl-buyout/
Author: Aamir Atta – Website: Propakistani (posted 1 year ago)
Topic title: Pakistan to Takeover PTCL if Etisalat Fails to Pay $800 Million till June 2012
Topic link: https://propakistani.pk/2012/04/09/pakistan-to-takeover-ptcl-if-etisalat-fails-to-pay-800-million-till-june-2012/
Author: Mehwish Khan – Website: Propakistani (posted 4 years ago)
Thanks for sharing…only one reports relates to CCP…first two topics relates to Courts and Regulatory bodies…26bn fine was imposed by CCP but could not be recovered because these cartels have taken stay orders from courts and these cases are pending for last 8 years…2nd issue relates to recovery of 3% charges…how it shows incompetency of CCP..its the responsibility of these Regulatory bodies to pay these charges to CCP. It can’t be recovered from these bodies through coercion…
Indus Motors, Atlas Honda and Suzuki Motors are the largest monopolistic companies violating CCP regulations. They have tried all the way and have been successful in anti competitive practices, sending away other assemblers in the past. the only competition they are faced with is used imported cars. Thanks to some sincere govt. officials who have not fallen in their trap. In India there are as many as 50 assemblers, manufactures, 100 percent as well., so much so some have bought European companies.like Tata . Where is CCP in Pakistan. India’s Nano is a world wide hit. and here we are with these three stooges.