CCP conducts search & inspection of Pakistan Sugar Mills Association’s Islamabad, Lahore Offices

News Image

MG News | September 14, 2020 at 02:01 PM GMT+05:00

0:00

SEPTEMBER 14, 2020: As part of an ongoing enquiry into the possible anti-competitive activities in the sugar industry, the Competition Commission of Pakistan (CCP) carried out a search and inspection of the Pakistan Sugar Mills Association (PSMA)’s Lahore and Islamabad offices today.

The CCP authorized its officers to the ‘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, the 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.

Two different teams, authorized by the Commission, simultaneously carried out the 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. The rule of thumb is that the associations are not allowed to discuss, deliberate or share sensitive commercial information that may allow its members, who are competitors, to co-ordinate business policy or discussion on economic aspects.

The CCP, as part of its statutory mandate under the Competition Act, strives to eradicate anti-competitive practices in all sector of economy.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 169,526.22
88.47M
0.56%
951.52
ALLSHR 102,704.31
375.67M
0.52%
533.03
KSE30 51,486.60
47.76M
0.61%
311.25
KMI30 243,201.12
46.86M
0.45%
1097.16
KMIALLSHR 66,994.60
148.35M
0.44%
290.84
BKTi 45,536.69
8.52M
0.80%
360.71
OGTi 33,606.22
2.87M
0.32%
108.08
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 92,525.00 93,070.00
91,800.00
515.00
0.56%
BRENT CRUDE 61.76 61.86
61.53
0.48
0.78%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
0.95
1.06%
ROTTERDAM COAL MONTHLY 96.50 96.50
96.40
0.25
0.26%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 58.08 58.19
57.88
0.48
0.83%
SUGAR #11 WORLD 14.86 14.99
14.82
-0.05
-0.34%

Chart of the Day


Latest News
December 12, 2025 at 10:24 AM GMT+05:00

Pakistan, Turkmenistan explore new trade routes via Gwadar port


December 12, 2025 at 10:16 AM GMT+05:00

IMF says only reforms can save Pakistan’s FY26


December 12, 2025 at 09:52 AM GMT+05:00

WB approves $400m for water, sanitation in Pakistan


December 12, 2025 at 09:32 AM GMT+05:00

Asia markets rise on upbeat Wall Street momentum



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg