Pakistan: CCP raids PSMA’s Lahore and Islamabad offices

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Islamabad, Pakistan: The officials of the Competition Commission of Pakistan (CCP) carried out search and inspection at two offices of Pakistan Sugar Mills Association (PSMA) located at Lahore and Islamabad. The action was taken as a part of their drive to ensure that the Competition Act, 2010 is not violated by the sugar industry.

According to the news report published in Dawn.com, CCP received the indications related to anti-competitive activities of PSMA. It included collective stoppage of crushing in season 2019-20, collective rise in prices of sugar, and refusal to supply sugar to Utility Store Corporation (USC).

The officials of CCP said that as per the rule the members of associations are not allowed to share sensitive commercial information among them that may affect the business activities related to sugar trade in the country.

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