Commerce and Industry Archives - Page 37 of 227

Acquisition of German Conglomerate, CCP’s Approval for Market Integration As per the merger application, the two target companies jointly control M/s Thyssenkrupp Steel Europe AG

On: July 31, 2024

Tagged: Approval for Market, Competition Commission, German Conglomerate, Thyssenkrupp Steel Europe AG

Acquisition of German Conglomerate, CCP’s Approval for Market Integration ISLAMABAD ( WEB NEWS ) The Competition Commission of Pakistan (CCP) has approved a significant merger in the steel industry with international implications. The transaction involves EP Corporate Group (EPCG) acquiring over 20% shares from the German industrial conglomerate Thyssenkrupp. Specifically, EPCG willRead More →

ICCI President slams IPPs as threat to national sustainability The government to comprehensively review all agreements with IPPs, prioritizing the nation's best interests. ICCI

On: July 31, 2024

In: Commerce and Industry

Tagged: IPPs threat to Economy, Islamabad Chamber, National sustainability, Responsible should be accountable

ICCI President slams IPPs as threat to national sustainability ISLAMABAD ( WEB NEWS ) Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry has termed the IPPs as detrimental for country’s sustainability by demanding their forensic audit. He said that entire business community is on the same page overRead More →

Pakistan’s potential to benefit from Ethiopia’s experience in addressing climate change. ICCI delegation visits Ethiopian Embassy, expresses solidarity with Govt, families of landslide victims’

On: July 31, 2024

In: Commerce and Industry

Tagged: climate change, Islamabad Chamber, Pakistan & Ethiopia, Trade and business.

ICCI delegation visits Ethiopian Embassy, expresses solidarity with Govt, families of landslide victims’ ISLAMABAD ( WEB NEWS ) Ethiopian Ambassador to Pakistan, His Excellency Jemal Beker Abdula has emphasized the strategic partnership between Ethiopia and Pakistan, expressing determination to enhance bilateral relations, particularly in trade and business. He made theseRead More →

Ambassador designate to Mauritius visits Islamabad Chamber Pakistan’s engagement with Africa has historical roots and is characterized by mutual respect and cooperation.

On: July 30, 2024

In: Commerce and Industry

Tagged: Ambassador-designate, Economic opportunities, Islamabad Chamber, Pakistan and Africa

ISLAMABAD ( WEB NEWS ) Pakistan’s engagement with Africa has historical roots and is characterized by mutual respect and cooperation. By harnessing mutual cooperation, Pakistan and Africa can unlock new economic opportunities and foster sustainable development. This has been stated by Pakistan’s Ambassador designate to Mauritius Syed Zahid Raza duringRead More →

CCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur The Competition Commission of Pakistan has approved a merger involving a significant reshuffling of power generation assets.

On: July 30, 2024

In: Commerce and Industry

Tagged: 217 MW gas-based plant, Competition Commission, Engro Powergen Qadirpur, Majority Stake Acquisition

CCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur ISLAMABAD ( WEB NEWS ) The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a 68.89% stake in Engro Powergen Qadirpur LimitedRead More →

Increase in energy and tax rates will lead to increase in inflation rate: Atif Ikram sheikh As a result of expensive energy, inflation will increase due to the increase in production cost.

On: July 30, 2024

In: Commerce and Industry

Tagged: Energy and tax rates, Increase inflation rate, Inflation rate 22 %, Pakistan Chamber

Increase in energy and tax rates will lead to increase in inflation rate: Atif Ikram sheikh ISLAMABAD ( WEB NEWS ) President of Federation of Pakistan Chambers of Commerce and Industry Atif Ikram Sheikh has said that the current fiscal inflation rate will exceed 22 percent due to the increaseRead More →

Engro’s Strategic Asset Divestiture in Thermal Energy Sector Gets CCP Approval Engro Energy Ltd, has entered into a share purchase agreement (SPA) with a consortium comprising Liberty Power Holding and Soorty Enterprises

On: July 28, 2024

In: Commerce and Industry

Tagged: Competition Commission, Engro Energy Ltd, Share purchase agreement, Thermal Energy Sector

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 →

Country’s growth hinges on business community’s active role: Ahsan Iqbal The government has to pay back $120 billion during next five years and the only way to promotion of exports,

On: July 28, 2024

In: Commerce and Industry

Tagged: Bbusiness community's role, Country’s growth, FM Ahsan Iqbal, Islamabad Chamber

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 →

The Competition Appellate Tribunal has dismissed Baba Plastic appeal Competition Commission confirmed that ShajarPak had not authorized any company to use its trademark.

On: July 27, 2024

In: Commerce and Industry

Tagged: Baba Plastic appeal, Competition Tribunal, Fabric manufacturer, ShajarPak (Pvt) Limited

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 →

The growing frustration among businessmen could lead to rapid capital flight. ICCI

On: July 26, 2024

In: Commerce and Industry

Tagged: Economic development, Islamabad Chamber, Rapid capital flight, The growing frustration

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 →

CCP Penalty Decision Upheld in Battery Makers Deceptive Marketing Case

On: July 26, 2024

In: Commerce and Industry

Tagged: ‘Dry & Acid-Lead’ battery, Battery manufacturers, Competition Tribunal, Deceptive Marketing Case

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 →

FPCCI Explores Sister City Partnership Between Islamabad and Washington D.C.

On: July 26, 2024

In: Commerce and Industry

Tagged: FPCCI Explores Sister City, International relations, Pakistan Chambers, Washington D.C.

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 →

Commerce and Industry (Page 37)