Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Bitcoin advances as investors look for rate cut signals in upcoming Fed minutes

July 9, 2025

Big Tech rallies — plus, where we stand on Starbucks after China stake offers

July 9, 2025

China’s Chang’e-6 findings reveal asteroid strike may have altered moon’s far-side mantle

July 9, 2025
Facebook X (Twitter) Instagram
Wednesday, July 9
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Notices issued to sugar mills for rehearing in cartelisation case – Markets
Economist Intelligence

Notices issued to sugar mills for rehearing in cartelisation case – Markets

adminBy adminJuly 9, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 2


The Competition Commission of Pakistan (CCP) has issued notices to the Pakistan Sugar Mills Association (PSMA) and its member sugar mills to appear for a hearing in the matter of show cause notices issued to the PSMA and member mills in November 2020 for alleged cartelisation and anti-competitive conduct, according to a CCP statement on Wednesday.

The proceedings are scheduled for August 4th, 5th, 6th and 7th, 2025.

“The hearing notices have been issued in compliance with the May 21, 2025 order of the Competition Appellate Tribunal (CAT), which directed the matter to be reheard by the Chairperson or Member of the Commission who was not part of the earlier conflicting opinions. The Tribunal further directed that the matter be decided preferably within 90 days,” the statement read.

’$50mn in FDI’: CCP approves 69 merger and acquisition in FY2024-25

In 2021, the CCP had imposed a penalty of nearly Rs44 billion on PSMA and its member mills for violating competition laws. The order, however, was challenged in the CAT, which questioned the legality of the casting vote exercised by the then chairperson to break a 2-2 deadlock in the original four-member bench.

“The tribunal held that no casting vote could be exercised in quasi-judicial proceedings under the Competition Act, 2010, and set aside the resulting order.

“Through the current notices, CCP has directed all concerned parties to nominate authorized representatives and appear with all relevant facts and material for the rehearing,” the CCP said.

Meanwhile, Pakistan government now plans to urgently import 0.5 million tons through the public sector, after allowing the export of 0.8 million metric tons of sugar during the outgoing financial year—earning private operators just under $400 million in foreign exchange.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

SBP to launch pilot for digital currency, says governor – Pakistan

July 9, 2025
Economist Intelligence

President Zardari gives assent to Virtual Assets Act, 2025 – Technology

July 9, 2025
Economist Intelligence

Arif Habib consortium: Fatima Fertilizer says submited EOI for PIACL – Business & Finance

July 9, 2025
Economist Intelligence

Pakistan’s software services exports surge to over $1bn for first time – Technology

July 9, 2025
Economist Intelligence

Qantas confirms personal data of over a million customers leaked in breach – Markets

July 9, 2025
Economist Intelligence

Indian stock benchmarks set to open flat as Trump threatens pharma tariffs – Markets

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

SBP to launch pilot for digital currency, says governor – Pakistan

July 9, 2025

President Zardari gives assent to Virtual Assets Act, 2025 – Technology

July 9, 2025

Notices issued to sugar mills for rehearing in cartelisation case – Markets

July 9, 2025

Arif Habib consortium: Fatima Fertilizer says submited EOI for PIACL – Business & Finance

July 9, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Bitcoin advances as investors look for rate cut signals in upcoming Fed minutes
  • Big Tech rallies — plus, where we stand on Starbucks after China stake offers
  • China’s Chang’e-6 findings reveal asteroid strike may have altered moon’s far-side mantle
  • Gold extends losses to a week low before the Fed’s minutes
  • Hong Kong home sales surge among lower-priced units thanks to stamp-duty adjustment

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Bitcoin advances as investors look for rate cut signals in upcoming Fed minutes

July 9, 2025

Big Tech rallies — plus, where we stand on Starbucks after China stake offers

July 9, 2025

China’s Chang’e-6 findings reveal asteroid strike may have altered moon’s far-side mantle

July 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.