Pakistan Finds Cartel Activity In Cement Sector

An inquiry report of the Competition Commission of Pakistan (CCP) finalized on Tuesday, December 15, has found massive profit-taking due to cartelization by the cement sector.

The inquiry report was finalized for the cement units in the North Zone of All Pakistan Cement Manufacturers Association (APCMA) as the Sindh High Court had restrained the CCP from using material collected from the raids at offices of cement companies in South Zone (Sindh).

The inquiry report has inputs from the Federal Investigation Agency (FIA) regarding forensic audit of all the electronic evidence collected from the offices of cement companies and the APCMA head office, Lahore.

The names of the owners of mobile phone numbers used in “WhatsApp” discussions were obtained from the Pakistan Telecommunication Authority.

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