Competitive Commission of Pakistan (CCP) has imposed a heavy fine of Rs. 75 million on Pakistan Flour Mills Association (PFMA) for illegally increasing prices. The association has been involved in fixing the market prices of flour along with the production of the mills causing higher prices of the most demanding eatable item throughout the country.
CCP took notice of various news items suggesting an unusual price hike in the prices of ‘wheat flour’ or ‘wheat atta’ across Pakistan and carried out a raid of PFMA premises and concluded that PFMA is providing a platform to its members for settling of prices to avoid any form of competition i.e. violation of the law.
Source: Pro Pakistani