Tribunal Overturns Rs. 40 Million Penalty Against Al-Ghazi Tractors

The Competition Appellate Tribunal has overturned an earlier order by the Competition Commission of Pakistan (CCP), which had imposed a penalty of Rs. 40 million on the company, Al-Ghazi Tractors Limited (PSX: AGTL) announced on Thursday. In a statement issued to the Pakistan Stock Exchange on Thursday, AGTL said the tribunal had “set aside the order of the CCP including the penalty” that was imposed earlier this year. The company had initially disclosed the penalty in May 2025, after the CCP found it in violation of competition laws. With the tribunal’s latest decision, the fine and related findings have been nullified. The Competition Commission of Pakistan (CCP) had imposed a penalty of Rs. 40 million on Al-Ghazi Tractors Limited (AGTL) for violating competition laws by promoting a misleading claim about fuel efficiency.