A PYMNTS Company

Pakistan: International conference deems cartels as most damaging infringement

By  |  June 5, 2013

Various antitrust experts gathered in Islamabad, Pakistan this week for a competition conference and came to a consensus that cartels posed the most damaging infringement on competition. According to reports, the experts estimated that prices are jacked-up by 20 to 40 percent because of cartels, undermining competition and harming consumers. Among those to highlight the necessity to combat the world’s cartels was former head of the Brazil’s Competition Authority and the Competition Commission of Pakistan chairperson Rahat Kaunain Hassan, who denounced cartel behavior as draining to the world’s economic health.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Business Recorder

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.