A PYMNTS Company

Pakistan Regulator Raids Pakistan Sugar Mills Association Offices

 |  September 14, 2020

The Competition Commission of Pakistan (CCP) on Monday, September 14, conducted raids at the offices of Pakistan Sugar Mills Association (PSMA) on suspicion that the barons were abusing their dominant position.

The CCP carried out search and inspection of the PSMA’s Lahore and Islamabad offices, as part of an ongoing inquiry against the possible anti-competitive activities in the sugar industry, according to a statement issued by the commission.

The raids were conducted as part of an inquiry that the CCP had launched in December last year. It got some leads on the basis of records submitted by about 41 sugar mills, according to the CCP officials.

Full Content: Tribune

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