Sugar mills, association face record fine of $265 million
Posted On: Aug. 16, 2021 9:42 AM CST
The Competition Commission of Pakistan has imposed a record fine of 44 billion Pakistani rupees ($265 million) on the Pakistan Sugar Mills Association and 55 sugar mills for anti-competitive practices, Business Recorder reported. The association and the sugar mills have been accused of forming cartel and engaging in anti-competitive activities.