CCP imposes Rs81.44b fine on sugar mills

23
Observe Report
Islamabad

The Competition Commission of Paki-stan (CCP) has imposed a fine of Rs81.44 billion on sugar mills, re-ported a TV channel on Friday.

CCP issued the order against 81 sugar mills and imposed a fine. CCP Chair-man Rahat Kaunain said that the nexus of sugars mills was collecting sensitive information.

The CCP, for the first time, was di-vided in its decision as the two mem-bers of the commission wrote the con-tradictory note.

As the votes were equal, the chairman voted in favour of the decision. The fine was imposed on the sugar mills due to the export of sugar, fixing the prices through nexus. The commission ordered the sugar mills to submit the fine within the pe-riod of two months.

Sugar Mills Association while reacting to the decision said that today’s deci-sion was neither unanimous nor was on majority votes.

It said that the two members wrote a contradictory note saying the informa-tion was not enough for the decision-making.

“After equal voting, the chairman voted in favour of the deci-sion against the mills which raises a legal question on the decision,” it said and added that the chairman had taken advantage of the law which was used for administrative purposes. It further said that the chairman did not have the authority to vote during the bench’s proceedings.

Previous articleTarin seeks exporters’ proposals for facilitation to spur exports
Next articleTimely completion of development projects in Railways need of hour