Staff Reporter
Islamabad
The Competition Commission of Pakistan (CCP) has carried out a search and inspection of Pakistan Sugar Mills Association (PSMA) Lahore and Islamabad offices as part of an ongoing inquiry into possible anti-competitive activities in sugar industry.
The CCP authorized its officers to ‘Enter and Search’ PSMA premises under Section 34 of the Competition Act, 2010, following indications of PSMA’s anti-competitive activities including, but not limited to, collective stoppage of crushing in season 2019-20, collective rise in prices of sugar, and collective refusal to supply sugar to Utility Store Corporation (USC) as recently reported, said a press release issued here.
Two different teams, authorized by the Commission, simultaneously carried out search in PSMA’s Islamabad and Lahore premises and impounded the relevant record.
Through its various enforcement orders, the CCP warned industry associations from indulging in activities which may violate the Competition Act.