AIRLINK 73.53 Decreased By ▼ -2.17 (-2.87%)
BOP 4.67 Decreased By ▼ -0.05 (-1.06%)
CNERGY 4.01 Decreased By ▼ -0.09 (-2.2%)
DFML 36.09 Decreased By ▼ -3.33 (-8.45%)
DGKC 86.55 Decreased By ▼ -2.05 (-2.31%)
FCCL 21.98 Decreased By ▼ -0.62 (-2.74%)
FFBL 30.01 Decreased By ▼ -0.39 (-1.28%)
FFL 9.18 Decreased By ▼ -0.04 (-0.43%)
GGL 9.86 Decreased By ▼ -0.16 (-1.6%)
HASCOL 6.25 Increased By ▲ 0.20 (3.31%)
HBL 105.01 Decreased By ▼ -0.24 (-0.23%)
HUBC 137.45 Decreased By ▼ -0.79 (-0.57%)
HUMNL 10.75 No Change ▼ 0.00 (0%)
KEL 4.49 Decreased By ▼ -0.14 (-3.02%)
KOSM 3.99 Decreased By ▼ -0.25 (-5.9%)
MLCF 36.70 Decreased By ▼ -1.26 (-3.32%)
OGDC 119.40 Decreased By ▼ -2.00 (-1.65%)
PAEL 23.97 Decreased By ▼ -0.43 (-1.76%)
PIBTL 6.05 Decreased By ▼ -0.13 (-2.1%)
PPL 112.50 Increased By ▲ 0.15 (0.13%)
PRL 22.81 Decreased By ▼ -0.62 (-2.65%)
PTC 11.90 Decreased By ▼ -0.66 (-5.25%)
SEARL 58.40 Decreased By ▼ -0.30 (-0.51%)
SNGP 61.11 Decreased By ▼ -0.44 (-0.71%)
SSGC 9.65 Decreased By ▼ -0.19 (-1.93%)
TELE 7.55 Decreased By ▼ -0.27 (-3.45%)
TPLP 9.54 Decreased By ▼ -0.26 (-2.65%)
TRG 63.10 Decreased By ▼ -1.09 (-1.7%)
UNITY 26.80 No Change ▼ 0.00 (0%)
WTL 1.29 Decreased By ▼ -0.06 (-4.44%)
BR100 7,566 Decreased By -60.2 (-0.79%)
BR30 24,087 Decreased By -272.5 (-1.12%)
KSE100 72,589 Decreased By -663.1 (-0.91%)
KSE30 23,137 Decreased By -263.6 (-1.13%)

The Competition Commission of Pakistan (CCP) has taken a serious notice of an unreasonable raise in the air fares by some private airlines operating in Pakistan after a strike by the Pakistan Airlines Pilots' Association (PALPA). Sources said here on Monday that CCP has been observing the situation arising out of a strike by the PALPA and after observing the air fares being unreasonably raised by some private airlines has decided to start a probe into the matter.
Promptly taking the action, the commission is analysing the relevant data from sources including airline industry to conduct a thorough probe under the mandate of Competition Act. Through the probe, CCP will investigate whether the private airlines abused their dominant position or indulged in some other anti competitive activities by taking advantage of the crisis situation created owing to strike by PALPA thus adding burden on the consumers.
Section 3 of the Competition Act prohibits unreasonable and unjustifiable increase in the prices of goods and services and empowers the CCP to investigate the exploitative practices. CCP will conduct the inquiry and if some undertakings were found to be involved in anti competitive activities, action will be taken as per the law.

Copyright Business Recorder, 2015

Comments

Comments are closed.