The Competition Commission of Pakistan (CCP) has issued show-cause notices to Pakistan Sugar Mills Association (PSMA) and its 84 member mills regarding multiple instances of cartelization of sugar, reported SAMAA.
The PSMA and all 84 sugar mills violated competition laws by collectively deciding to export sugar and thereby fixing the quantities of sugar to be supplied in Pakistan, the CCP stated.
Similarly, they violated the law by reducing stocks of sugar through exports, hence collectively raised and maintained prices of sugar in Pakistan.
The notices were issued after the CCP decided to initiate proceedings following an inquiry into anti-competitive activities in the sugar sector.
The CCP inquiry found multiple instances where the PMSA was acting as a front-runner for cartelization in the sugar industry.
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