Pakistan, May 15 -- The Al-Ghazi Tractors Limited (AGTL) on Wednesday said it was reviewing the details of Rs40 million penalty by the Competition Commission of Pakistan (CCP) and "will take appropriate legal steps as needed".
The company said this in a notice to the Pakistan Stock Exchange (PSX).
"With reference to recent news circulating in media regarding the imposition of penalty on Al-Ghazi Tractors Limited ("the company") by Competition Commission of Pakistan, the company is reviewing the details and will take appropriate legal steps as needed," the notice read.
The CCP has imposed a penalty of Rs40 million on AGTL for "violating competition law and misguiding consumers", according to a CCP statement on Tuesday.
In January 2022, A...