The Competition Commission of Pakistan has approved the acquisition of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited following a Phase-I competition review under the Competition Act, 2010.

Fauji Cement and Kot Addu Power filed a pre-merger application on February 3, 2026, to acquire controlling interest in Attock Cement from Pharaon Investment Group Limited, as per a Scheme of Compromises, Arrangement, and Reconstruction Agreement dated January 30, 2026. Upon completion, both companies will jointly control Attock Cement.

The CCP noted that while Fauji Cement and Attock Cement overlap in operations, the combined market share will remain below the statutory dominance threshold, and the cement sector continues to have multiple established competitors. The Commission concluded that the deal will not substantially reduce competition or create a dominant position.

The approval applies only to CCP’s assessment under Section 11 of the Competition Act and does not affect any other ongoing cases or proceedings.

Officials said the transaction reflects continued investment activity in Pakistan’s cement sector, which is vital for infrastructure development and economic growth.