Karachi, August 24, 2023: A shocking news was reported from Karachi, where a K-Electric (KE) consumer received an electricity bill exceeding Rs 1500 for a consumption of merely 2 units. According to the current power tariff, which values two units at no more than Rs 33, the bill’s inflated charges have ignited a storm of…
Karachi, March 19, 2021: NRSP Agri Processing Company (NRSP-APCL) and Naymat Collateral Management Company Limited (NCMCL) have collaborated to issue the first Electronic Warehouse Receipt (EWR) against rice and paddy stocks stored at the recently accredited NRSP-APCL facility located at Hafizabad (Punjab). NCMCL is the first collateral management company incorporated under the Collateral Management Company Regulations…
Karachi, June 15, 2020: The Competition Commission of Pakistan (CCP) has issued a Show Cause Notice to S.M. Food Makers Limited for deceptively copying the trademark/trade dress of various products of Hilal Foods, thus prima facie violating of Section 10 of the Competition Act. Hilal Foods sent a formal complaint that S.M. Food Makers was…
Karachi, June 13, 2020: Special committee of National Assembly calls for a meeting to discuss issues on export of mango. The export of mango during this year is likely to witness 70 percent drop in the export volume of mango compared to the previous mango season due to hurdles in export of mango to Iran &…
Karachi, June 11, 2020: The Competition Commission of Pakistan (CCP) has issued show cause notices to 46 suppliers of Line Hardware Material to the Electric Power Distribution Companies (DISCOs) for prima facie operating as a cartel and engaging in collusive bidding in violation of Section 4 of the Competition Act 2010. The CCP initiated a…