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Engro’s Strategic Asset Divestiture in Thermal Energy Sector Gets CCP Approval ISLAMABAD   (  WEB  NEWS  ) The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves a consortium acquiring approximately 50.10% of M/s Engro Powergen Thar (Pvt.) Ltd from M/sRead More →

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Country’s growth hinges on business community’s active role: Ahsan Iqbal United Business Group delegation calls on Minister for Planning & Development ISLAMABAD   (  WEB  NEWS  ) Federal Minister for Planning and Development Ahsan Iqbal has said the business community is the real stakeholder of the country, therefore it has toRead More →

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CAT Upholds CCP’s Penalty on Trademark Dispute ISLAMABAD   (  WEB  NEWS  ) The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Baba Plastic against the Competition Commission of Pakistan’s (CCP) order concerning fraudulent use of M/s ShajarPak (Pvt) Limited’s registered trademark. ShajarPak, a fabric manufacturer, filed aRead More →

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Business community must be part of Govt’s decision-making: Ahsan Zafar Bakhtawari ISLAMABAD   (  WEB NEWS  ) Ahsan Zafar Bakhtawari, President of the Islamabad Chamber of Commerce and Industry, has urged the government to engage in dialogue with the business community to address their pressing concerns and provide extensive relief measuresRead More →

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CCP Penalty Decision Upheld in Battery Makers Deceptive Marketing Case ISLAMABAD  (  WEB  NEWS  ) The Competition Appellate Tribunal (CAT) has unanimously upheld the level of penalty imposed by the Competition of Pakistan (CCP) on ‘Dry & Acid-Lead’ Battery manufacturers for concealing crucial product information from consumers. In a recentRead More →

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FPCCI Explores Sister City Partnership Between Islamabad and Washington D.C. Such ties can promote close cultural, economic and social relations: Malik Sohail Hussain A Proposal by President Atif Ikram was put forwarded by Chairman coordination Malik Sohail Hussain ISLAMABAD  (  WEB  NEWS  ) The Federation of Pakistan Chambers of CommerceRead More →

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Political Uncertainty, Tax-Heavy Budget: Businesses Say Government “Worse” Manager of The Economy KARACHI ( WEB  NEWS  ) The government of Prime Minister Shehbaz Sharif as “worse” manager of the economy, the country’s business owners have become more pessimistic about their future because of continued political turmoil and the new tax-heavyRead More →

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Pakistan Needs Business-Friendly Policies to Overcome Prevailing Crisis: ICCI President ISLAMABAD  (  WEB NEWS  ) Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry has called for a forensic audit of Independent Power Producers (IPPs), decrying the annual payment of Rs.2000 billion in capacity charges as “daylight robbery.” This,Read More →

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Syngenta Pakistan’s ‘CropWise Grower’ App becomes the biggest Agri-Tech app of Pakistan with 600K+ Downloads LAHORE  (  WEB NEWS  ) Syngenta Pakistan, a leading agriculture innovation and technology company that provides crop protection, seeds, and digital services to millions of Pakistani farmers, has introduced ‘Cropwise Grower’ application – a free-of-cost,Read More →

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CAT Upholds CCP’s Order against Media Industry Giants ISLAMABAD   (  WEB  NEWS  ) In a decisive ruling, the Competition Appellate Tribunal (CAT) has dismissed the appeal filed by the Pakistan Broadcasters Association (PBA), upholding the Competition Commission of Pakistan’s (CCP) directive to major media industry players to refrain from violatingRead More →

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Ali Takesh joins Philip Morris Pakistan and Afghanistan as New Managing Director ISLAMABAD   (  WEB  NEWS  ) Ali Takesh has been appointed as the new Managing Director for Philip Morris Pakistan and Afghanistan, effective August 1, 2024. Ali Takesh succeeds Roman Yazbeck, who has led the company since January 2020Read More →

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CAT Upholds CCP’s Decision Safeguarding Real Estate Investments ISLAMABAD   (  WEB  NEWS   ) In a recent development, the Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Eden Builders (Pvt) Ltd, upholding the decision of the Competition Commission of Pakistan (CCP) regarding misleading advertising claims about their housing project. InRead More →