Dr. Ikramul Haq

ILR Islamabad --- No Modification / Alteration in Financial Bid after its Opening: Rule 31(1) of the PPR-2004 provides that no bidder shall be allowed to alter or modify his bid after the bids have been opened --- However, once a bidder is declared as a most responsive bidder in terms of the evaluation report issued by a procuring agency, there is nothing preventing the procuring agency from negotiating the contract price with such bidder prior to the award of the Contract. Such negotiation is permissible within the parameters set out in Rule 40 of the PPR 2004.                                           Website: https://lnkd.in/d2NEpSgm User Guide https://lnkd.in/dvTN5-kp WhatsApp Link https://lnkd.in/d3gZi4YG

The growing tax burden on the small and medium enterprises (SMEs) is stifling their ability to remain competitive. #inp #independentnewspakistan #inp_wealthpk #SMEs Read Article, click on ⬇️ link

The All-Pakistan Anjuman-e-Tajiran (APAT) and the Traders Action Committee on Saturday threatened to launch countrywide protest against the government’s new tax scheme, labelling it as “anti-trader.” Ajmal Baloch, President of APAT and the Traders Action Committee Islamabad, claimed that directives had been issued to traders across the country to prepare for the protests. Mr Baloch declared that the trader community across the country had categorically rejected the government’s newly introduced trader-friendly tax scheme, describing it as “anti-trader.” #faco #facotax #business #pakistan #taxnews #taxreturn #taxservice #tax #taxes #taxtips #taxplanning #taxpreparation #taxpreparationservices #bookkeeping #bookkeepingservices #cloudaccounting #accounting #accountingservices #trending

Press Release Detail by #CCP LHC UPHOLDS CCP POWERS TO INITIATE ENQUIRY Islamabad, 27-06-2024 Hon’ble Lahore High Court has dismissed the writ petition filed by M/s Mezan Beverages Pvt. ltd against a show-cause notice issued by the Competition Commission of Pakistan (CCP) on alleged deceptive marketing practices. Under section 37(2) of the Act, CCP initiated the enquiry after receiving a complaint from Pepsi Co Inc. The complaint stated that Mezan was copying the overall packaging of Pepsi’s energy drink ‘Sting’ for its own energy drink ‘Storm’. The subsequent completion of enquiry report recommended the issuance of show-cause notice to Mezan Beverages. Mezan swiftly responded with legal maneuvers, filing a writ petition against the CCP’s enquiry process and issuance of show-cause notice. In August 2021, Lahore High Court in its order suspended the show-cause notice, therefore, proceedings before the CCP were stalled. However, after hearing the parties at length, the Hon’ble LHC held that the Supreme Court of Pakistan in its judgement rendered in ‘CCP v. Dalda Foods ltd’, unanimously, upheld the statutory powers of the CCP relating to initiation of enquiries and gathering of information. It is pertinent to mention here that on the issue of CCP’s jurisdiction vis-à-vis the Tribunal created under Intellectual Property Organization of Pakistan Act, 2012 (IPO Act), it has been held that both the enactments i.e. the Act and IPO Act have conspicuously distinct in purpose, scope, and mandate. The Act relates to competition law, whereas, the IPO Act pertains to intellectual property laws. Each enactment has created a specialized regulatory body and has put in place a self-contained regulatory framework to administer duties and obligations imposed by law. The IPO Act consciously excludes the Act from its Schedule and as such, the legislature has intentionally kept the Act beyond the purview of the IPO Act. Hence, ‘deceptive marketing practices’ under section 10 of the Act constitute a necessary and essential element of competition law, jurisdiction of which is vested with the CCP under the Act.