Competition Commission of Pakistan enquiry finds evidence of collusion by All Pakistan Cement Manufacturers Association members

Print this page

Pakistan: A Competition Commission of Pakistan (CCP) enquiry committee has recommended that the commission take action against the All Pakistan Cement Manufacturers Association (APCMA). The Frontier Star newspaper has reported that the enquiry found evidence that APCMA members had formed collusive arrangements contrary to the prohibited agreements under the Competition Act.

The Pakistan Bureau of Statistics (PBS) recorded a cement price rise in Northern Pakistan in April 2020 and May 2020, and in major cities in northern Pakistan and southern Pakistan in June 2020 and July 2020. This occurred in spite of a reduction in demand in early 2020. As a result, the CCP launched a search and inspection of the APCMA head office and the office of its senior vice chairman, a cement company director, in September 2020.

Last modified on 06 January 2021

URL: https://globalcement.com/news/item/11758-competition-commission-of-pakistan-enquiry-finds-evidence-of-collusion-by-all-pakistan-cement-manufacturers-association-members

© 2021 Pro Global Media Ltd. All rights reserved.