CCP

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

ISLAMABAD – The Competition Commission of Pakistan has approved Alipay (Hong Kong) Holding Limited s acquisition of 45 percent shareholding in Telenor Microfinance Bank Limited, paving the way for the world s largest mobile payment platform s entry into Pakistan.Founded in 2004 by Jack Ma, Alipay is a part of the Alibaba Group, a Chinese multinational conglomerate specializing […]

Pakistan’s auto industry lacks competition: CCP

Pakistan’s auto industry lacks competition: CCP

KARACHI: The Competition Commission of Pakistan (CCP) has described Pakistan’s automobile industry as uncompetitive where existing companies are not facing any meaningful competitive pressure.“It (automobile industry) is essentially marred by a lack of competition. Complaints of quality, availability and pricing of passenger cars particularly, is characteristic of an uncompetitive market,” the CCP wrote in its recommendations […]