Bestway Cement Acquires Al-Haj Automotive After Ccp Approval

The recent approval by the Competition Commission of Pakistan (CCP) for Bestway Automotive's acquisition of Al-Haj Automotive marks a significant development in Pakistan's automotive sector. This decision, announced on February 28, 2026, follows a Phase-I competition assessment under the Competition Act, 2010. The CCP stated, "The transaction will not result in any increase in market concentration or alter the market’s competitive structure," indicating that both companies currently hold no production or market share in the defined market. Bestway Automotive, a subsidiary of Bestway Cement, plans to invest up to Rs10 billion to establish its presence in the automobile industry, which reflects a growing investor interest in this sector. The CCP emphasized that such transactions could enhance competition and promote local assembly capabilities, provided market conditions allow for it (Profit Pakistan, February 28, 2026).