CCP continues ICH crackdown as recoveries climb to Rs772m
MG News | November 10, 2025 at 05:55 PM GMT+05:00
November 10, 2025 (MLN): The Competition Commission of Pakistan (CCP) has recovered a further Rs19m from Multinet (Pvt.) Limited and Rs1.4m from Voice Communications in the International Clearing House (ICH) case, taking total recoveries to Rs772m.
The CCP continues its efforts to ensure full recovery of penalties imposed on telecom companies involved in the cartel, according to a press release issued.
The penalties were originally imposed after the CCP found that all fourteen Long Distance International (LDI) operators had formed a cartel under the ICH arrangement in 2012, effectively eliminating competition in the international telephony market.
The ICH setup required all incoming international calls to be routed through a single gateway managed by Pakistan Telecommunication Company Limited (PTCL), leading to fixed high call termination rates and reduced market efficiency.
The Competition Appellate Tribunal (CAT) later upheld the CCP’s findings of cartelization and abuse of dominance, while adjusting the penalty to two percent of the revenues earned through the ICH arrangement. Following the Tribunal’s decision, CCP initiated recovery proceedings against the operators.
Some companies have challenged the CAT decision before the Supreme Court of Pakistan; however, there is no restraining order, and the CCP continues to recover penalties as per law.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 161,538.41 225.01M | 1.22% 1945.50 |
| ALLSHR | 98,157.64 783.07M | 1.07% 1041.31 |
| KSE30 | 48,967.50 149.16M | 1.39% 669.92 |
| KMI30 | 233,460.23 99.91M | 2.12% 4853.21 |
| KMIALLSHR | 64,112.41 247.78M | 1.37% 865.18 |
| BKTi | 44,626.69 57.34M | 0.05% 22.27 |
| OGTi | 31,347.61 13.52M | 1.71% 527.94 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 106,805.00 | 107,030.00 104,565.00 | 2775.00 2.67% |
| BRENT CRUDE | 63.95 | 64.34 63.60 | 0.32 0.50% |
| RICHARDS BAY COAL MONTHLY | 87.25 | 0.00 0.00 | 0.35 0.40% |
| ROTTERDAM COAL MONTHLY | 96.25 | 96.50 96.25 | -0.50 -0.52% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 60.06 | 60.48 59.74 | 0.31 0.52% |
| SUGAR #11 WORLD | 14.35 | 14.39 14.08 | 0.25 1.77% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|