CCP conducts search of Pakistan sugar mills association’s Islamabad, Lahore officesChristian Fernsby ▼ | September 21, 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 on 14 September.
CCP Pakistan sugar mill
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. ■