The Competition Commission of Pakistan (CCP) has imposed penalties of 44. 360 billion in enforcement and recovered 223 cases for imposing the Competition law.
\nThe CCP has made significant progress in reducing its legal backlog and recovering penalties, marking a major turnaround in the enforcement of competition law, according to the data issued by the CCP here Friday.
\nWhen the new management took charge in August 2023, the CCP faced 567 pending cases across different courts.
\nNotable decisions by CAT include upholding fines on Reckitt Benckiser (Strepsils), PVMA, ICAP, and British Lyceum, while reducing penalties on PREMA Milk, Diamond Paints, 3N Lifemed, and Pakistan Steel Mills.
\nThrough early hearing applications and aggressive follow-up, 223 cases have since been decided, cutting the backlog by more than 40 percent.
\nThe biggest relief came in the Competition Appellate Tribunal (CAT), where 121 cases were decided out of 210, bringing down pendency by 58 percent.<\/p>\n
The Lahore High Court decided 39 cases, reducing backlog by 78 percent, while the Sindh High Court disposed of 40 cases, a 61 percent cut. The Islamabad High Court decided 13 cases, lowering pendency by 43 percent.
\nAt the Supreme Court, 11 cases were decided, and 171 cases challenging CCP\u2019s mandate have been clubbed for a single hearing.
\nIn the past year alone, the Commission recovered PKR 360 million, surpassing the total PKR 201 million collected since its establishment in 2007.
\nThe tribunal has disposed of 121 cases, leaving only 89 pending, and delivered rulings that have both reduced penalties and clarified key points of law.
\nNotable decisions by CAT include upholding fines on Reckitt Benckiser (Strepsils), PVMA, ICAP, and British Lyceum, while reducing penalties on PREMA Milk, Diamond Paints, 3N Lifemed, and Pakistan Steel Mills.
\nIn the high-profile Sugar Mills cartel case involving Rs 44 billion, the tribunal remanded the matter back to CCP, ruling that the Chair\u2019s casting vote was invalid.
\nThe Competition Appellate Tribunal (CAT), while deciding the appeals filed by the
\nPakistan Sugar Mills Association (PSMA) and its member mills, has remanded the case to the Competition Commission of Pakistan\u2019s (CCP) for a fresh hearing.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Competition Commission of Pakistan (CCP) has imposed penalties of 44. 360 billion in enforcement and recovered 223 cases for imposing the Competition law. The CCP has made significant progress in reducing its legal backlog and recovering penalties, marking a major turnaround in the enforcement of competition law, according to the data issued by the […]<\/p>\n","protected":false},"author":2,"featured_media":499720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-505129","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n