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Pakistan: Regulator imposes fine on flour mills

 |  December 16, 2019

The Competition Commission of Pakistan (CCP) has imposed a fine on Pakistan Flour Mills Association (PFMA) for fixing prices. The association is charged with fixing the price of wheat flour, providing a platform to share commercially sensitive information, and fixing the quantities of production. 

The CCP took notice of various news items suggesting an unusual price hike in the prices of wheat flour across the country and carried out dawn raid of PFMA premises, a statement issued by the Commission said on Monday, December 16. 

The inquiry in the matter concluded that PFMA is providing a platform to its members for settling of prices of wheat flour to avoid any form of competition which is in violation of Section 4 of the Act. 

After hearing the parties, the CCP’s bench comprising of the chairperson Vadiyya Khalil and Members Dr Muhammad Saleem and Dr Shahzad Ansar passed the order.