Arslan Tahir, ACIS on LinkedIn: #sialparis #tdap #businessopportunities #internationaltrade #foodfestival… (2024)

UAE Pledges $10 Billion Investment to boost Pakistan's Economic Growth.#SIFC #SIFCPakistan #InvestinPakistan #InvestmentOpportunities #RisingPakistan

SIFC’s 10th Apex Committee Meeting held on 25th May, 2024.#SIFC #SIFCPakistan #InvestInPakistan

1

SECP’s Innovation Office brings you a webinar on “Pakistan's Fintech Ecosystem – Trends, Opportunities, and SECP's Regulatory Sandbox”.Join us on Tuesday, May 28 through zoom: https://lnkd.in/gzKTUcVGPasscode: 363445

Daily Trade & Settlement Info - 24th May, 2024

Interbank closing #ExchangeRate for today#sbpexchangerates

PSX is excited to announce the launch of its new Text-to-Speech feature in Pakistan Stock Exchange's blog and article section!This innovative feature allows users to listen to articles and blog posts in addition to reading them.Click here to listen to the blogs and articles on the go: https://lnkd.in/gCDENMd6#PSXUpdates #PSX #TextToSpeech

#SECP Circular dated May 22, 2024

#SECP PRESS RELEASE

Press Release Detail by #CCP CAT UPHOLDS CCP PENALTY ON M/S IRSHAD TRADINGIslamabad, 23-05-2024The Competition Appellate Tribunal (CAT) decided to uphold PKR 5 million penalty imposed by CCP on M/s Irshad Trading Corporation for deceptive marketing practices.The penalty was imposed by CCP on Irshad Trading for fraudulently using its competitor, Polycon Pakistan (Pvt.) Limited’s trademark, violating Section 10 of the Competition Act, 2010.Polycon lodged a formal complaint with the CCP, alleging that Irshad Trading Co. was unlawfully using its registered trademark and brand name to manufacture, market, and sell water storage tanks, and was also misrepresenting itself as a joint venture of Polycon. The CCP’s enquiry committee established the violation of Section 10 by Irshad Trading.During the proceedings, Polycon confirmed that Irshad Trading had been its authorized distributor until September 2018, after which the distribution agreement was terminated. Despite the agreement’s termination, Irshad Trading continued to manufacture, market, and sell products with Polycon's logo until February 2019. Irshad Trading stopped the practice after the CCP’s show cause notice, but the unauthorized use had already harmed Polycon’s business interests.Irshad Trading admitted to the violation, citing a lack of awareness of copyright laws and Section 10. They admitted having manufactured water tanks using Polycon’s trademark after the termination of the distribution agreement.Taking a lenient view in light of Irshad Trading's commitment to refrain from such deceptive marketing practices in the future, CCP imposed a penalty of PKR 5 million and directed the company to cease using Polycon’s trademark, trade name, and products.Although Irshad Trading challenged the CCP’s order in CAT, it failed to appear before the Tribunal on the scheduled hearing dates, leading to the dismissal of the appeal for non-prosecution.