fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

CBD Lahore Master Plan

Cartelisation in cement: CCP begins hearing

ISLAMABAD: The competition commission of Pakistan proceeded the hearing against the 17 members of All Pakistan Cement Manufacturers Association (APCMA) for the allegation of abuse of the market by fixing output.

The member units of APCMA presented their arguments before the two-member bench of the Commission, comprising of Chairman, Khalid Aziz Mirza and member Rahat Kaunain Hassan. The companies submitted their written arguments as well and strongly objected and negated the impression of formation of cartel in the cement sector.

The CCP held a hearing on in the matter of show cause notice issued to APCMA and all its members i.e. all the cement manufacturers. The show cause notice was issued under Section 30 of the Competition Ordinance, 2007 to APCMA and all its members for entering into an agreement to fix the production capacity of cement and attain certain price level.

This is prohibited in terms of Section 4 of the Ordinance. Earlier the hearing was fixed on 11th, 13th and 17th November in Lahore, Karachi and Islamabad respectively, however, Islamabad High Court granted a stay in the matter and hearing was adjourned till December 5, 2008.

Today all the 22 APCMA members were present in the hearing and presented their arguments before the two-member bench of the Commission.

According to a CCP official 5 cement units would be filing their written replies and defend their position against the show cause notices during a hearing, the date of which would be fixed soon after Eid holidays.

Source: Daily Times

Cartelisation in cement: CCP begins hearing
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Cartelisation in cement: CCP begins hearing
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®