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Pakistan Sugar Mills Association

PSMA clarification

PSMA clarification

LAHORE: Pakistan Sugar Mills Association (PSMA) while referring to a news item appeared in a section of a press...
Published 19 Jan, 2024 05:37am
Sugar millers yet to deposit Rs44bn penalty
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Sugar millers yet to deposit Rs44bn penalty

  • Competition Commission of Pakistan had found PSMA and its 81 members guilty of certain prohibited cartel-like behaviour/conduct and causing "by object restriction" on competition in the industry
Updated 07 Sep, 2021 10:51am
Largest penalty ever of Rs44bn imposed on sugar mills, PSMA
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Largest penalty ever of Rs44bn imposed on sugar mills, PSMA

  • The hearings for 80 mills (5 mills chose not to appear or respond) spanned a considerable period, commencing on 7 January 2021 and concluding on 26 May 2021
  • Cartelisation, anti-competitive activities, collectively deciding the quantum of exports among reasons
Updated 14 Aug, 2021 10:59am
PSMA chairman summoned by NAB
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PSMA chairman summoned by NAB

ISLAMABAD: The National Accountability Bureau (NAB) has asked the Pakistan Sugar Mills Association (PSMA) chairman ...
Published 24 Mar, 2021 05:10am