Competition Commission of Pakistan (CCP) has imposed penalties on different private and public sector organizations indulging in deceptive marketing practices in violation of the Competition Act, 2010.
The CCP imposed penalty on real estate, petroleum and dairy
companies to stop the mal-business practices and maintain transparency in the market, an official of the CCP told reporter here on Monday.
He said before imposing penalities, the CCP conducted an impartial investigation for maintaining transparency in market for evolving accountability mechanism.
The CCP had imposed a penalty Rs 150 million, Rs 2 million,
Rs 64 million on Pakistan State Oil, Bahria Town Rawalpindi and different dairy companies respectively for running deceptive marketing campaign for its products, he added.
Replying to a question, he said the CCP was mandated under the Competition Act, 2010 to ensure fair competition in all spheres of commercial and economic activity.
The official said the CCP was committed to maintain transparency for enhancing economic efficiency and to protect consumers from anti- competitive practices including deceptive marketing.
He said the CCP continuously strived in promoting a healthy competition in all spheres of commercial and economic sectors and to protect consumers from anti-competitive behavior.
© Pakistan Press International, source Asianet-Pakistan