Tribunal upholds CCP ruling in NFC Housing Society appeal

News Image

MG News | July 15, 2024 at 08:59 AM GMT+05:00

July 15, 2024 (MLN): The Competition Appellate Tribunal upheld the findings of the Competition Commission of Pakistan (CCP) in the appeal filed by NFC Employees Cooperative Housing Society.

In 2016, the residents of the society complained to the CCP that they were being deprived of choice in terms of cable television. They were forced to subscribe to the sole cable television network provider i.e. MC Networks.

The Commission’s order imposed a penalty of Rs1 million on the NFC Employees Co-operative Housing Society Limited for granting exclusivity to a cable service provider and restricting residents’ choices, thereby violating Section 4(2)(a), 4(2)(b) and 4(2)(d) read with Section 4(1) of the Competition Act, 2010.

The Competition Appellate Tribunal reduced the penalty to PKR 500,000/, keeping in view the compliance-oriented approach of NFC Employees Cooperative Housing Society.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 168,252.68
7.10M
-0.12%
-207.43
ALLSHR 101,710.28
15.01M
-0.04%
-41.15
KSE30 50,273.55
2.47M
-0.14%
-72.55
KMI30 241,477.34
2.35M
-0.22%
-524.64
KMIALLSHR 65,886.29
7.87M
-0.08%
-55.44
BKTi 46,784.91
0.27M
-0.10%
-48.84
OGTi 34,517.78
0.09M
-0.62%
-214.45
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 84,260.00 85,855.00
83,720.00
-1600.00
-1.86%
BRENT CRUDE 101.66 101.81
101.03
1.08
1.07%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
1.40
1.10%
ROTTERDAM COAL MONTHLY 144.40 145.45
144.40
0.55
0.38%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 90.26 90.61
89.62
0.82
0.92%
SUGAR #11 WORLD 20.87 20.95
20.58
0.14
0.68%

Chart of the Day


Latest News
October 07, 2026 at 09:31 AM GMT+05:00

PSX replaces 8 of 10 JSMFI constituents in re-composition


October 07, 2026 at 09:30 AM GMT+05:00

Oil jumps above $101, Houthi attacks fuel supply concerns


October 07, 2026 at 09:15 AM GMT+05:00

NBP issues foreign exchange rates


October 07, 2026 at 09:12 AM GMT+05:00

Asian markets open mixed after Wall Street hits fresh records


October 07, 2026 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

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