Our Correspondent
Karachi
Competition Commission of Pakistan (CCP) carried out a search and inspection of the offices of Chairman and Vice Chairman of All Pakistan Cement Manufacturers Association (APCMA) here on Thursday and seized the record. The CCP exercising its powers under Section 34 of the Competition Act 2010, started the enquiry in cement sector based on the information gathered through various media reports, and concerns and complaints expressed regarding a concurrent increase in cement prices, particularly during month of April 2020. The reports indicated that an increase ranging between Rs. 45 – Rs55 per cement bag was apparently collectively decided in a meeting of the cement manufacturers held under umbrella of APCMA.