ISLAMABAD: The Competition Commission of Pakistan (CCP) has initiated inquiry into possible collusion between various market players to set prices in the poultry sector.
CCP initiated the enquiry under its suo motu powers after strong indications of organized communication between poultry sector players relating to poultry prices came to light.
In this regard, a team of authorized officers of CCP recently inspected premises in Lahore that was in use of a poultry association and impounded material evidence, said CCP statement issued here Thursday.
The enquiry committee tasked with the investigation would examine all the evidence and present its findings in form a report, the statement added.
It is pertinent to mention that CCP had previously also investigated and penalized collusive behaviour in the poultry sector.
In 2010, CCP fined Pakistan Poultry Association Rs50 million for cartelization in several poultry markets while in 2016, CCP again fined Pakistan Poultry Association Rs100 million for fixing prices.
CCP remains particularly vigilant against collusive activities, which are the most egregious form of anti-competitive behavior, statement said adding collusive activities are prohibited under Section 4 of the Competition Act, 2010.
Story first published: 11th January 2018