The Competition Commission of Pakistan (CCP) has issued show-cause notices to ten Punjab-based sugar mills for allegedly forming a cartel to delay the start of sugarcane crushing and fix the cane purchase price at Rs400 per maund.
CCP Chairperson Dr Kabir Ahmed Sidhu said no commercial organisation or trade association should be used as a platform for collusive decision-making. He warned that strict action would be taken against any entity involved in anti-competitive practices.
According to the CCP, representatives of the ten mills met at Fatima Sugar Mills on November 10, where they allegedly agreed to begin crushing on November 28 and set a uniform cane price of Rs400 per 40kg. The meeting was chaired by Fatima Sugar Mills’ Resident Director Rana Jamil Ahmed Shahid.
Representatives f

The Express Tribune

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