CCPAK - Competition Commission of Pakistan

Pakistan Tribunal Upholds PKR 205M Penalty for Bank Cartel Conduct The Competition Appellate Tribunal in Pakistan upheld the Competition Commission of Pakistan's (CCP) order, dismissing appeals by the Pakistan Banks Association and seven major banks. The CCP had imposed penalties totaling approximately PKR 205 million for cartel-like conduct related to the Enhanced Savings Account (ESA). The banks, including Habib Bank Limited, Allied Bank Limited, and others, were found guilty of collusive practices violating the Competition Ordinance, 2007. The ruling marks a significant milestone for the CCP, affirming its first major enforcement action and highlighting its effective litigation management and legal reforms.