ISLAMABAD: Competition Commission of Pakistan (CCP) ne M/s. Faysal Asset Management Limited ke kuch funds ke management rights ki acquisition ke liye M/s. Alfalah Asset Management Limited ko manzoori de di hai. Ye approval Transfer of Management Rights Agreement ke amal ke baad diya gaya.
Alfalah Asset Management Limited, ek public unlisted company hai jo asset management aur investment advisory services deti hai. Ye company Securities and Exchange Commission of Pakistan (SECP) ke license ke tahat kaam karti hai.
Faysal Asset Management Limited bhi ek public unlisted company hai jo SECP ke regulatory framework ke under AMC aur investment advisory services provide karti hai.
Agreement ke mutabiq, Alfalah Asset Management Limited Faysal Asset Management Limited ke kuch funds ke management rights hasil karegi.
CCP ne is transaction ka assessment kiya aur asset management services ko relevant product market kaha. CCP ka kehna hai ke is acquisition se Alfalah ke market share mein zara sa izafa hoga aur Faysal Asset ke market share mein kami aayegi, lekin market dominance ka khauf nahi hai.
CCP ki manzoori financial services sector mein competition ko barqarar rakhne aur asset management industry mein sustainable growth aur financial innovation ko ensure karne ki commitment ko dikhati hai.
