The Competition Commission of Pakistan (CCP) has imposed a fine of Rs44bn (around USD265m) on the Pakistan Sugar Mills Association (PSMA) and 55 sugar mills for widespread manipulation to control the production and supply of sugar. The CCP has held a total of 81 sugar mills responsible for cartelization. jwplayer("jwp-outstream-unit").setup({}); The order issued by the chairman and three members says that sugar mills owners have manipulated the production, stock, export and local supply of sugar. They also influenced the bidding processes at the Utility Stores Corporation when it purchased sugar from mills. The CCP initiated an enquiry in December 201
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