NOC to merger issued

The Competition Commission of Pakistan (CCP) has issued "No Objection Certificate" (NOC) to the merger of MCB Asset Management Company Limited and Arif Habib Investments Limited. "The CCP has examined the scheme of merger of MCB Asset Management Company Limited and Arif Habib Investments Limited and does not find it substantially lessening competition as proscribed by Section 11 of the Competition Act, 2010," the CCP in its NOC said.
"Therefore, the CCP has 'No objection' to the said merger," it added.