Page 10 - அனைத்தும் பாக்கிஸ்தான் சிமென்ட் உற்பத்தியாளர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cement makers cartel pocketed Rs40b: CCP

Top Story December 16, 2020 ISLAMABAD: The Competition Commission of Pakistan (CCP) has found “hardcore evidence” against the All Pakistan Cement Manufacturers Association (APCMA) and its Northern Region units involved in cartelization for pocketing an additional Rs 40 billion from consumers. With FIA and PTA help, the CCP authenticated its proof through forensic audit that some top officials had established a WhatsApp group with the name of “APCMA Marketing Officials” on November 15 to communicate and decide on fixation of prices in the Northern Region. “The CCP through a detailed inquiry found that the APCMA increased the prices thrice first in May, second in June and third in August 2020 and pocketed Rs 40 billion additional unjustified profits when the global coal prices dropped, oil prices reduced significantly in international and domestic markets and interest rates decreased by 525 basis points from 13.25 per cent to 8 per cent in Pakistan. If this cartelization

Northern regionPakistan cement manufacturers associationPakistan bureau of statisticsCompetition commission of pakistanCompetition commissionAll pakistan cement manufacturers associationFederal excise dutyPakistan bureauவடக்கு பகுதிபாக்கிஸ்தான் சிமென்ட் உற்பத்தியாளர்கள் சங்கம்பாக்கிஸ்தான் பணியகம் ஆஃப் புள்ளிவிவரங்கள்போட்டி தரகு ஆஃப் பாக்கிஸ்தான்போட்டி தரகுஅனைத்தும் பாக்கிஸ்தான் சிமென்ட் உற்பத்தியாளர்கள் சங்கம்கூட்டாட்சியின் கலால் கடமைபாக்கிஸ்தான் பணியகம்

Cement manufacturers involved in cartelisation, pocketed Rs40b: CCP

Top Story December 16, 2020 ISLAMABAD: The Competition Commission of Pakistan (CCP) has found “hardcore evidence” against the All Pakistan Cement Manufacturers Association (APCMA) and its Northern Region units involved in cartelization for pocketing an additional Rs 40 billion from consumers. With FIA and PTA help, the CCP authenticated its proof through forensic audit that some top officials had established a WhatsApp group with the name of “APCMA Marketing Officials” on November 15 to communicate and decide on fixation of prices in the Northern Region. “The CCP through a detailed inquiry found that the APCMA increased the prices thrice first in May, second in June and third in August 2020 and pocketed Rs 40 billion additional unjustified profits when the global coal prices dropped, oil prices reduced significantly in international and domestic markets and interest rates decreased by 525 basis points from 13.25 per cent to 8 per cent in Pakistan. If this cartelization

Northern regionSindh high courtPakistan bureau of statisticsPakistan cement manufacturers associationCompetition commission of pakistanCompetition commissionAll pakistan cement manufacturers associationFederal excise dutyPakistan bureauSouth regionSindh highNorth regionவடக்கு பகுதிசிந்த் உயர் நீதிமன்றம்பாக்கிஸ்தான் பணியகம் ஆஃப் புள்ளிவிவரங்கள்பாக்கிஸ்தான் சிமென்ட் உற்பத்தியாளர்கள் சங்கம்

Competition Commission of Pakistan busts cement sector cartel

Competition Commission of Pakistan busts cement sector cartel Companies’ profits soared up to 800%, did not pass benefit of duty cut on to consumers Domestic dispatches remain high, turnaround in exports witnessed. PHOTO: FILE ISLAMABAD: The Competition Commission of Pakistan (CCP) said on Tuesday that it found “hardcore evidence” of All Pakistan Cement Manufacturers Association (APCMA) acting as a cartel and its decision to fix cement prices through unlawful process led to 100% to 800% increase in gross profits. Members of the CCP announced findings of an inquiry launched in May this year. The CCP inquiry revealed that the cement manufacturers collectively decided to increase prices in the range of Rs45 to Rs50 per bag, which forced consumers to pay an additional Rs40 billion in the past one year alone.

Lahore high courtFederally administered tribal areasSindh high courtPakistan bureau of statisticsPakistan cement manufacturers associationCompetition commission of pakistanCompetition commissionAll pakistan cement manufacturers associationLahore highPakistan bureauLucky cementBestway cementMaple leafFauji cementCherat cementKohat cement

Tussles over margins in construction industry as boom picks up - Newspaper

Tussles over margins in construction industry as boom picks up - Newspaper
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.

Fayyaz ilyasSyed wajid bukhariWajid bukhariMinistry of industriesDevelopers of pakistanPakistan association of large steel producersPakistan cement manufacturers associationCompetition commission of pakistanNaya pakistan housing schemeChairman assoPrime ministerNaya pakistan housingSecretary generalPakistan associationLarge steel producersCompetition commission

CCP Finds Conclusive Proof of Cartelization by All Pakistan Cement Manufacturers Association

CCP Finds Conclusive Proof of Cartelization by All Pakistan Cement Manufacturers Association
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.

Federally administered tribal areasLahore high courtShoaib ahmedCommission onPakistan bureau of statisticsInquiry committeePakistan cement manufacturers associationCompetition commission of pakistanMarketing departmentSindh high courtCompetition commissionAll pakistan cement manufacturers associationLucky cementCherat cementNorth regionSouth region