CCP Ends ICH, Fines LDI Operators with Billions of Rupees: ProPakistani

CCP Ends ICH, Fines LDI Operators with Billions of Rupees: ProPakistani

Link to Pro Pakistani

CCP Ends ICH, Fines LDI Operators with Billions of Rupees

Posted: 01 May 2013 12:49 AM PDT

The Competition Commission of Pakistan (CCP) has nullified International Clearing House or ICH and has imposed a penalty of 7.5 percent of annual turnover on each of 14 LDI operator that were part of the agreement for violating section 4 of the Competition Act 2010, we have confirmed with sources. On other hands, in an interesting turn of events, appointment of CCP Chairperson and Members [...]

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