Pakistan is among the remaining three countries which are still looking at the Uber and Careem pre-merger application with the possibility of a conditional approval to be granted to the international merger.
The other two countries are Qatar and Morocco. In Pakistan, the merger is being reviewed in Phase-II by the Competition Commission of Pakistan (CCP) under Section 11 of the Competition Act, 2010.
As per the law, the CCP has to complete Phase-II review in the stipulated time period of 90 days after the submission of complete information by the parties.
Sources told Business Recorder that three detailed hearings have been held in the CCP regarding the said merger. The CCP may impose conditions in granting approval to the merger. The conditions may include imposition of structural remedies on the parties to protect Pakistani consumers from anti-competitive effects of the merger.
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