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اردو

Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2024-07-21

Price fixing tactics: Competition Appellate Tribunal affirms penalty on paints co

Recorder Report Published July 21, 2024

ISLAMABAD: The Competition Appellate Tribunal has upheld the decision of the Competition Commission of Pakistan (CCP) against M/s Reliance Paints Pakistan for fixing the retail prices of its products, in violation of Section 4 of the Competition Act, 2010.

Deceptive marketing practices: CAT upholds CCP’s findings in plea filed by RB

The CCP initiated an inquiry after receiving a formal complaint from Akzo Nobel Pakistan Ltd, which alleged that Reliance Paint was fixing the minimum resale price for its products and also monitoring and penalizing dealers/distributors/retailers for non-compliance with its price directives. It said that these practices were restricting competition not only between the dealers and retailers but also between Reliance and its competitors.

CCP Competition Appellate Tribunal M/s Reliance Paints Pakistan

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Forex
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Currency	Rate
USD PKR Interbank Selling / Apr 11	280.53
USD PKR Interbank Buying / Apr 11	280.28
USD to Japanese Yen / Apr 11	143.90
USD to Swiss Franc / Apr 11	0.82
Pound Sterling to USD / Apr 11	1.30
Euro to USD / Apr 11	1.13
UK LIBOR % / Apr 10	4.96

Stock	Volume
S&P 500 / Apr 10	5,268.05
Nasdaq / Apr 10	16,387.31
Dow Jones / Apr 10	39,593.66
India Sensex / Apr 11	75,343.21
Tokyo Nikkei / Apr 11	33,533.93
Hang Seng / Apr 11	21,054.61
FTSE 100 / Apr 11	7,879.52
Germany DAX 30 / Apr 11	20,278.17
France CAC40 / Apr 11	7,066.01

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 10	16,785
Gold 10 Grams PKR / Apr 10	281,893
Petrol/Litre / Apr 11	254.63
Crude Oil USD/Barrel / Apr 11	60.77
Gold Spot USD/Ounce / Apr 11	3,196.67
Diesel/Litre / Apr 11	258.64
Cotton US¢/pound / Apr 11	67.35

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Pak Agro Pack. (GEM) / Apr 11 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.85 ▲ 1 (12.74%)
Ruby Textile / Apr 11 Ruby Textile Mills Limited(RUBY)	7 ▲ 0.7 (11.11%)
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Hoechst Pak. / Apr 11 Hoechst Pakistan Limited(HPL)	3,519 ▲ 319 (9.97%)

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EFU General / Apr 11 EFU General Insurance Limited(EFUG)	116 ▼ -8.45 (-6.79%)

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Cnergyico PK / Apr 11 Cnergyico PK Limited(CNERGY)	86,573,180 ▼ -0.07
K-Electric Ltd. / Apr 11 K-Electric Limited(KEL)	57,922,646 ▲ 0.02
Sui South Gas / Apr 11 Sui Southern Gas Company Limited(SSGC)	44,734,661 ▲ 0.52
Pak Elektron / Apr 11 Pak Elektron Limited(PAEL)	40,461,763 ▲ 2.13
Pak Int.Bulk / Apr 11 Pakistan International Bulk Terminal(PIBTL)	37,973,873 ▼ -0.34
B.O.Punjab / Apr 11 The Bank of Punjab(BOP)	33,069,655 ▲ 0.54
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