Illegal business nexus & cartels: CCP seeks public, stakeholders help in

ISLAMABAD: The Competition Commission of Pakistan (CCP) has called for cooperation from the public in general and the concerned stakeholders in particular to take strict action against such illegal business nexus and cartels and to report any such act.

If any individual is aware that a business association or product suppliers have colluded to fix prices or control supply, he is urged to immediately report such information to the CCP. Those who provide information and evidence regarding such illegal cartels will be rewarded with amounts ranging from Rs200,000 to Rs2,000,000. It is important to note that the identity of the informant will remain confidential.

The artificial increase in the price of goods and services in Pakistan, and lack of quality goods, is largely the result of business cartelization in the markets.

Cartels are formed when suppliers in a market coordinate or enter into agreements to fix prices for goods and services and control the supply, all for unjustifiable gains and illicit profit, which is an illegal practice.

To ensure the provision of better-quality goods and services at fair prices to consumers, it is essential that all suppliers in the market compete with each other by offering better services and products at better prices, rather than colluding to fix prices.

Copyright Business Recorder, 2025