Pakistan regulator finds ‘hardcore’ evidence of cartelisation by cement manufacturers ...palestine

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Pakistan regulator finds ‘hardcore’ evidence of cartelisation by cement manufacturers
The Competition Commission of Pakistan has found “hardcore” evidence against cement companies of colluding in the North region. Company officials exchanged information through WhatsApp, text messages and emails about fixation of cement price and its underlying cost factors, quota and allocation, it says. The CCP concluded on Wednesday its enquiry relating to the violation of the Section 4 (Prohibited Agreements) of the Competition Act, 2010 by the All Pakistan Cement Manufacturers Association and its members. The enquiry was initiated based on the information gathered through various media reports, concerns and complaints regarding an increase in cement prices, particularly from Ap

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