United Distributors Pakistan Ltd (UDPL) and International Brands Ltd (IBL) are considering legal options after the Competition Commission of Pakistan (CCP) imposed a Rs42 million penalty. The fine was linked to a non-compete agreement between the two firms, which the CCP declared anti-competitive and illegal under Section 4 of the Competition Act, 2010. The CCP […]
anti-competition pact
Pharma giants fined Rs42m over Rs1.13bn anti-competition pact
The Competition Commission of Pakistan (CCP) has fined two companies for making an illegal deal worth Rs1.13 billion. United Distributors Pakistan Limited (UDPL) and International Brands Limited (IBL) were found guilty of signing a non-compete agreement. The CCP said this deal was against Section 4 of the Competition Act, 2010. The deal stopped UDPL from […]