The National Assembly panel on Thursday directed the government to take action against wheat flour mills and sugar barons after the anti-trust watchdog suspected that 10percent to 26percent increase in prices of both the commodities was the result of cartelisation
ISLAMABAD -- While setting aside its show-cause notice to Pharma Bureau (PB) for alleged cartelisation
, the Competition Commission of Pakistan (CCP) has warned that the pharmaceutical sector is under its watch and any collusive or anti-competitive activity will be strictly dealt with.
ISLAMABAD -- The National Assembly panel on Thursday directed the government to take action against wheat flour mills and sugar barons after the anti-trust watchdog suspected that 10% to 26% increase in prices of both the commodities was the result of cartelisation
In 2009, Competition Commission of Pakistan (CCP), federal government orgnanisation imposed huge penalties of around Rs 6.352 billion on 20 cement manufacturers including some top companies owned by influential groups involved in cartelisation
for earning windfall profits.
This is expected to bring uniformity in the prices of specific items under third schedule of Sales Tax Act 1990 across the country and end the cartelisation
of large retail houses in fixing prices.
aACoeBoth CCI and GeM appreciate the importance of advanced analytical tools and processes for identification of malpractices like cartelisation
. In order to pool their knowledge of the public procurement domain for detection of Anti-competitive practices the MoU has been signed,aACA[yen] said Ministry of Commerce and Industry in a statement on Friday.
ISLAMABAD -- The Supreme Court has restrained Pakistan Broadcasting Association from entering into any agreement that may have the effect of cartelisation
or create monopoly in TV channels' rating.
The order has been passed on a complaint by Express Industry Council of India against the airlines alleging cartelisation
. It was filed against five airlines -- Jet Airways, InterGlobe Aviation, SpiceJet, Air India and GoAir.
Besides, banks are being probed by fair trade regulator CCI for alleged cartelisation
in providing locker services to their customers.
BILLIONAIRE Mukesh Ambani- led Reliance Jio on Monday said the telecom sector's margins are healthy even as it accused Airtel, Vodafone and Idea of cartelisation
He said the Competition Commission of Pakistan had imposed Rs6 billion fine on cement manufacturers for cartelisation
, but the penalty was waived off, giving them free hand to raise prices at whim.
In his welcome address, Zulfiqar Ali Khan said that the Competition Law enforcement was crucial for purging the economy from cartelisation
, abuse of dominance and deceptive marketing practices as well as protecting consumers from anti-competitive behaviour.