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Pakistan: International conference deems cartels as most damaging infringement

By  |  June 5, 2013
Pakistan: International conference deems cartels as most damaging infringement

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.

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