Tribunal upholds CCP ruling in NFC Housing Society appeal

News Image

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

0:00

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 130,388.80
290.67M
1.71%
2189.37
ALLSHR 81,056.77
850.76M
1.59%
1269.14
KSE30 39,923.98
119.80M
2.09%
818.98
KMI30 189,431.05
124.20M
1.35%
2515.44
KMIALLSHR 54,746.96
413.87M
1.01%
545.08
BKTi 35,055.16
46.98M
4.72%
1578.48
OGTi 28,239.18
11.25M
0.99%
276.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,230.00 108,340.00
105,440.00
2480.00
2.35%
BRENT CRUDE 67.50 67.53
66.94
0.39
0.58%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 103.80 0.00
0.00
-3.70
-3.44%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.81 65.83
65.23
0.36
0.55%
SUGAR #11 WORLD 15.93 15.95
15.77
0.23
1.47%

Chart of the Day


Latest News
July 02, 2025 at 01:45 PM GMT+05:00

Azgard Nine extends Muzaffargarh sale deadline


July 02, 2025 at 12:47 PM GMT+05:00

KSE-100 touches 130,000 points


July 02, 2025 at 12:16 PM GMT+05:00

Pakistan's OMC sales rise 2% MoM in June 2025, up 8% YoY


July 02, 2025 at 12:08 PM GMT+05:00

Pakistan’s short-term FX liabilities reach $31bn



Top 5 things to watch in this week

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