The Competition Commission has issued notices to fertilizer companies and the Fertilizer Manufacturers Advisor Council regarding alleged price fixing.
Notices were issued to six major urea companies for fixing the price of 50-kilogram urea bags at Rs. 1468 through advertisements in November 2021, according to a statement by the Competition Commission.
The inquiry is based on advertisements published in newspapers by the six companies, which allegedly violate Section 4 of the Competition Act.
The six companies involved include Engro Fertilizers Limited, Fauji Fertilizer Limited, Fatima Fertilizer Company Limited, Fauji Fertilizer Bin Qasim Limited, Agritech Limited, and Fatima Fert Limited.
Price fixing competition law violation allegations have been raised by associations and their members against coordinated actions.
The inquiry also noted price harmony among urea companies, suggesting possible collusive activities.
Departing from the permissible activities of legally determined prices by the government, as stipulated under competition law, is deemed a commercial decision.
In the wake of a tragic attack in Pahalgam that left 26 dead, New Delhi…
In a powerful statement, Consul General of the Russian Federation in Karachi Andrey V. Fedorov,…
Art Dubai is back from April 18 to 20, 2025, and it’s shaping up to…
The Competition Commission of Pakistan (CCP) has approved the proposed merger of Junaid Jamshed (Private)…
Pakistan has officially established the National Cyber Crime Investigation Agency (NCCIA), replacing the FIA’s Cyber…
Telenor Pakistan has entered a strategic content partnership with celebrated cricketer Ahmad Shahzad, marking a…
This website uses cookies.