Options International pays Rs6m to national treasury

News Image

MG News | August 16, 2024 at 10:07 AM GMT+05:00

August 16, 2024 (MLN): Following the Supreme Court of Pakistan dismissed its appeal, Options International deposited the Rs6 million penalty under Section 40(8) of the Competition Act 2010 into the national treasury.

This Supreme Court decision marks the end of a comprehensive legal battle that began with a formal complaint from STARBUCKS leading to an investigation and enforcement action by the Competition Commission of Pakistan (CCP).

In June 2024, the Competition Appellate Tribunal (CAT) dismissed Options International's appeal, increasing the primary penalty from Rs5m to Rs6m and prohibiting the company from illegally using the Starbucks brand name and logo.

Options International has filed an appeal to the Supreme Court of Pakistan against the CAT’s order, which the court dismissed.

The Supreme Court ruled that “Options International,” put itself forward by selling its products under the international brand name Starbucks and by using its logo, which amounts to deceptive marketing.

Since the new management has taken over, CCP has effectively recovered fines of Rs38m, demonstrating substantial progress in its fight against cartel conduct.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,385.98
37.86M
-0.03%
-55.93
ALLSHR 101,326.89
120.12M
0.05%
54.39
KSE30 49,977.12
17.64M
-0.01%
-6.74
KMI30 240,536.39
29.39M
0.05%
118.24
KMIALLSHR 65,571.27
73.47M
0.03%
17.41
BKTi 46,436.16
1.61M
-0.16%
-73.65
OGTi 34,058.43
1.35M
-0.02%
-7.54
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 82,765.00 82,825.00
81,750.00
815.00
0.99%
BRENT CRUDE 103.18 104.09
102.68
-1.10
-1.05%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
1.40
1.10%
ROTTERDAM COAL MONTHLY 143.85 146.10
143.85
0.40
0.28%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 90.65 91.41
90.19
-0.84
-0.92%
SUGAR #11 WORLD 20.28 20.38
20.24
0.13
0.65%

Chart of the Day


Latest News
October 09, 2026 at 12:57 PM GMT+05:00

Weekly SPI increases by 0.57%


October 09, 2026 at 12:35 PM GMT+05:00

Commerce minister pushes EXIM Bank on exporter support


October 09, 2026 at 11:31 AM GMT+05:00

Bitcoin finds its footing at $82,000 as Iran fears ease


October 09, 2026 at 10:50 AM GMT+05:00

Pakistan, Romania eye twinning of Constanta and Karachi ports



Top 5 things to watch in this week

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