Islamabad:
The Competition Commission in Pakistan (CCP) is set to begin hearings today (Monday) in a case related to alleged cooperation in sugar prices.
The Commission issued messages to Pakistan Sugar Mills Association (PSMA) and its member Mills after the case was sent back to practice the Competition Appellate Tribunal.
CCP has scheduled hearings in the sugar cartilage case for the 4th, 5th, 6th and 7th of August, and instructs all affected parties to nominate their representatives and secure their availability on the designated dates along with all relevant evidence and documentation.
Earlier in May, the competition had returned the case to CCP to practice after notifying his verdict on the appeals filed by Sugar Mills and the association against an RS44b fine.
The Court instructed the case to practice under the supervision of the CCP chairman or any other member who was not previously involved in the consultations. The Court also ordered the Commission to complete the exercise and raise a judgment within 90 days.
By 2021, CCP had imposed a fine of RS44 billion.
