Home / Brokerage / Paint Companies issued show cause notices

Paint Companies issued show cause notices

Karachi: The Competition Commission of Pakistan (CCP) has issued show cause notices to 16 paint companies including ICI Pakistan, Berger Paints Pakistan, Nelson Paint Industries, on account of misleading marketing practices as these companies were hiding tokens or redeemable coupons in paint packs.

According to Alfalah Securities Limited, the purpose of putting these coupons was to give the consumers a monetary incentive, ranging from PkR 20-500 depending upon the brand name and size of the pack. The consumer after purchasing the paint pack obtains these coupons from the bottom and en-cashes it from a company outlet or a shop nearby. The CCP has issued these notices on account of the non-disclosure of information regarding misleading prices of the paint pack and has asked these companies to submit arguments within 14 days.

Leave a Reply

Scroll To Top