CCP imposes Rs 26 billion penalties on violation of competition Act

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ISLAMABAD, Feb 19 (APP): Chairperson Competition Commission of Pakistan (CCP), Vadiyya Khalil Friday said that CCP had imposed over Rs 26 billion penalties on various undertakings for different violations of the Competition Act, 2010. Briefing National Assembly Deputy Speaker Murtaza Javed Abbasi on the mandate and performance of CCP in the enforcement of Competition Law, Vadiyya Khalil said these undertakings include companies and trade associations from across sectors of the economy and were involved in anti competitive practices such as abuse of dominant position, cartelization and deceptive marketing practices, thus harming the consumer interest as well as inflicting huge losses to the national economy.