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Pakistan: Regulator imposes fine on flour mills

By  |  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. 

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    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.