Home Latest News Industry Economy & Policy Markets Gold & Money Banking & Fintech Startups Agri-Business

Competition Tribunal Upholds CCP’s Rs. 1 Million Fine Against Housing Society

The Competition Appellate Tribunal upheld the findings of the Competition Commission of Pakistan (CCP) in the appeal filed by M/s NFC Employees Cooperative Housing Society.

In 2016, the residents of the society complained to the CCP that they were being deprived of choice in terms of cable television. They were forced to subscribe to the sole cable television network provider i.e. MC Networks.

The Commission’s order imposed a penalty of Rs. 1 million on the NFC Employees Co-operative Housing Society Limited for granting exclusivity to a cable service provider and restricting residents’ choices, thereby violating Section 4(2)(a), 4(2)(b) and 4(2)(d) read with Section 4(1) of the Competition Act, 2010.

The Competition Appellate Tribunal reduced the penalty to PKR 500,000/, keeping in view the compliance-oriented approach of NFC Employees Cooperative Housing Society.

Stay Connected with ProPakistani

Get the latest business news, market insights, and economic updates wherever you prefer.

Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.



Get Alerts

ProPakistani Community

Join the groups below to get latest news and updates.



>