• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 26, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

CCP raids premises of 2 leading fan manufacturers, their association in Gujrat

August 4, 2025
in Business & Finance
CCP raids premises of 2 leading fan manufacturers, their association in Gujrat
Share on FacebookShare on TwitterWhatsapp

ISLAMABAD: The Competition Commission of Pakistan (CCP) has conducted search and inspection of the premises of two leading electric fan manufacturers and their industry association in Gujrat, amid strong suspicions of cartelization and price fixing.

The enforcement action was carried out as part of an ongoing investigation into potential violations of Section 4 of the Competition Act, 2010, which strictly prohibits agreements or practices that have the object or effect of preventing, restricting, or reducing competition.

Acting under Section 34 of the Act, three CCP teams comprising duly authorized officers entered and searched the business premises of the undertakings. The teams secured documents, pricing records, and digital evidence relevant to the enquiry.

The Enquiry Committee examined three years of pricing data and obtained circulars issued by the industry association to its member undertakings. These circulars contained coordinated announcements of price increases for different fan variants. Moreover, price lists collected from various brands revealed strikingly similar pricing patterns, including: Multiple manufacturers revising prices on identical dates.

Price differences between standard ceiling fan models being as low as 0.05%.

In several cases, competing brands charging and revising exactly the same prices for certain variants.

These consistent and uniform pricing practices raise strong concerns of collusion and a prima facie violation of Section 4 of the Competition Act.

The fan industry holds significant importance in Pakistan’s economy, and CCP remains vigilant in monitoring the sector to ensure that consumers are protected from artificially inflated prices and anti-competitive conduct.

The CCP is mandated under the Competition Act, 2010 to promote free competition across all sectors of the economy, enhance efficiency, and safeguard consumer interests against practices such as price fixing, collusion, and abuse of market power.

Copyright media, 2025

Tags: CCPCompetition Commission of Pakistanelectric fan
Share15Tweet10Send
Previous Post

Pakistan, US deepen ties on crypto collaboration

Next Post

OGDCL discovers oil at Chakar-1 Well in Tando Allah Yar

Related Posts

All tax offices to remain open Dec 27
Business & Finance

All tax offices to remain open Dec 27

December 26, 2025
Jewellers Market’s delegation visits LCCI: Serious concerns voiced over major gold fraud case
Business & Finance

Jewellers Market’s delegation visits LCCI: Serious concerns voiced over major gold fraud case

December 26, 2025
PIA to be run by new owners from April: privatisation chief
Business & Finance

PIA to be run by new owners from April: privatisation chief

December 25, 2025
Seafood exports to EU states unlikely to resume next year
Business & Finance

Seafood exports to EU states unlikely to resume next year

December 25, 2025
FBR accused of creating hostile business climate
Business & Finance

FBR accused of creating hostile business climate

December 25, 2025
Setting up of NEP endorsed: PM approves wheeling charges auction guidelines
Business & Finance

Setting up of NEP endorsed: PM approves wheeling charges auction guidelines

December 25, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.