Tribunal upholds CCP’s order against price fixing in household appliances sector

News Image

MG News | July 11, 2025 at 09:51 AM GMT+05:00

0:00

July 11, 2025 (MLN): The Competition Appellate Tribunal has upheld the order of the Competition Commission of Pakistan (CCP) against leading electronic home appliances brands for engaging in resale price maintenance (RPM), a prohibited form of price fixing under the Competition Act, 2010.

While maintaining the findings of contravention, the Tribunal reduced the monetary penalty imposed by the CCP to the tune of 90 million, directing the companies to deposit the amount within 30 days, said a press release issued on Thursday. 

The CCP had earlier imposed penalties on the companies after concluding that both companies in the home appliances sector had engaged in anti-competitive conduct by restricting their dealers from selling products below specific prices, offering discounts, or providing package deals.

In their defense before the Tribunal, the companies did not challenge the finding of contravention but argued that the penalty imposed was high.

The Tribunal noted that the appellants demonstrated remedial actions by reimbursing the dealers the amounts which the companies imposed under their price fixing policy. They also assured strict future compliance with the Competition Act.

Taking the mitigating factors into account, particularly a cooperative stance and restitution to affected parties, the Tribunal reduced the penalties imposed on both companies. The Tribunal also noted the companies’ commitment to lawful business practices from now on. 

The CCP urges all undertakings to refrain from all forms of price fixing, including the setting of minimum or maximum resale prices and imposing restrictions on discounts or promotional offers, as such practices constitute serious violations of competition law.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 147,396.13
278.30M
-0.07%
-97.90
ALLSHR 91,050.98
871.35M
0.07%
67.28
KSE30 44,900.00
99.04M
-0.02%
-7.95
KMI30 210,245.84
127.46M
0.38%
803.12
KMIALLSHR 60,526.92
367.52M
0.26%
153.96
BKTi 41,087.09
50.32M
-0.52%
-215.62
OGTi 29,795.90
4.41M
0.22%
64.61
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 112,985.00 113,515.00
111,020.00
765.00
0.68%
BRENT CRUDE 67.60 67.89
67.40
-0.45
-0.66%
RICHARDS BAY COAL MONTHLY 92.00 0.00
0.00
1.50
1.66%
ROTTERDAM COAL MONTHLY 99.75 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.72 64.00
63.48
-0.43
-0.67%
SUGAR #11 WORLD 16.43 16.50
16.38
-0.04
-0.24%

Chart of the Day


Latest News
August 28, 2025 at 03:09 PM GMT+05:00

SPWL turns to loss in first half of 2025


August 28, 2025 at 03:01 PM GMT+05:00

CDC, AKD Securities link up on RAAST


August 28, 2025 at 02:27 PM GMT+05:00

ECC approves Rs30bn grant for closure of utility USC


August 28, 2025 at 02:24 PM GMT+05:00

HINOON delivers positive half-year financial performance



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg