No Result
View All Result
Monday, June 30, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

CCP imposes Rs75 mn fine on PFMA for fixing flour prices

Kumail Soomro by Kumail Soomro
December 17, 2019
wheat flour
ISLAMABAD: The Competition Commission of Pakistan (CCP) on Monday imposed Rs 75 million penalty on the Pakistan Flour Mills Association (PFMA) for fixing the price of wheat flour and its quantities of production.
According to a press release, the CCP took notice of various news items suggesting an unusual price hike in the prices of wheat flour across Pakistan and carried out a dawn raid of the PFMA premises for violating Section 4 of the Competition Act, 2010 and providing a platform to share commercially sensitive information.
The inquiry in the matter concluded that the PFMA was providing a platform to its members for settling of prices of wheat flour to avoid any form of competition which was in violation of Section 4 of the Act.
After hearing the parties, the CCP’s bench comprising Chairperson Ms. Vadiyya Khalil and members Dr. Muhammad Saleem and Dr. Shahzad Ansar passed the order.
In its order, the CCP observed that under Article 38 of the Constitution, the state was responsible to ensure the provisions of food and basic necessities at fair prices along with other social and economic benefits to its citizens.

READ MORE: ECC raises minimum support price for wheat to Rs1350 per 40kg

Accordingly, provincial food departments set a maximum cap of the wheat flour price under the foodstuffs (Control) Act, 1958 as wheat is Pakistan’s dietary staple and used by consumers belonging to all socioeconomic groups.
Wheat flour currently contributes 72 percent of Pakistan’s daily caloric intake with per capita wheat consumption of around 124 kg per year, one of the highest in the world.
The CCP observed that having a maximum cap in the essential food item benefits the consumer to bargain for a lower price and prevents retailers from overcharging consumers. This also enables retailers to discount the product in order to increase their sales.
PFMA in complete disregard of the aforesaid objective deliberately fixed the rates of wheat flour by conducting meetings and discussing the prices as well as the quantities to be produced and supplied by flour mills.
The CCP further observed that fixing of prices by competitors is one of the most egregious and serious violations of Competition Law. In fact, it disturbs the central nervous system of the economy and cannot be tolerated at all.

READ MORE: Sindh govt to reduce flour price as crisis worsens: Mahmood Moulvi

While disposing off the matter, the CCP, with reference to the role of associations, observed that rule of thumb is not to allow discussion, deliberations or sharing of sensitive commercial information that may allow members, who are competitors, to coordinate business policy. Further, it is not the role of association to ensure that each and every member of the association has a profitable business.
The CCP also observed that discussion, deliberation, and decisions regarding purely business concerns like current and future pricing, production and marketing are anti-competitive and should be avoided at all costs by the associations.
Associations have a responsibility to ensure that their forum is not used as a platform for collusive activities. Given the seriousness of the violation as discussed above and the importance of wheat flour in our daily life and the continued practice of price-fixing since 2009; a maximum fine of Rs75 million was imposed on PFMA.
The CCP is mandated under the Competition Act to ensure free competition in all spheres of commercial and economic activity, to enhance economic efficiency and to protect consumers from anti-competitive practices including prohibited agreements.
Tags: ccpfineFlourflour millsmillspfmaWheatwheat flour
ShareTweetSendShare
Previous Post

Bakhtiar satisfied over fertilizer stocks for Rabi season

Next Post

South Africa name six uncapped players for England tests

Related Stories

(File Photo)
Business & Stock

PSX crosses 125,000 points amid economic optimism

June 30, 2025
Business & Stock

Saudi Riyal to PKR rate today – June 30, 2025

June 30, 2025
Forex rates in Pakistan today
Business & Stock

Forex rates in Pakistan on Monday – June 30, 2025

June 30, 2025
Business & Stock

Pakistan secures $3.4 billion loan extension from China

June 30, 2025
file photo
Business & Stock

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
State Bank
Business & Stock

Pakistan sees significant rise in digital payments: State Bank

June 29, 2025
file photo
Business & Stock

Petroleum consumers to pay Rs2.50 per litre climate levy from July 1st

June 29, 2025
Representative image
Business & Stock

Latest forex rates in Pakistan today- June 29, 2025

June 29, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- June 29, 2025

June 29, 2025
Next Post
south africa

South Africa name six uncapped players for England tests

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

FILE/ People rally demanding the release of Aafia Siddiqui, who was convicted in February 2010 of two counts of attempted murder. The man who authorities say was holding hostages inside a Texas synagogue on Saturday, Jan. 15, 2022, demanded her release.Fareed Khan/The Associated Press
Top News

Pakistan refuses to become a party in Aafia Siddiqui case in US

by MM News Staff
June 30, 2025
Ahmed Iqbal, Hanzila Bin Younas, Khalil Ur Rehman, and Abdullah Asif (Image: PTV)
Thought Box

Pakistani students win Google Challenge Award 2025 for satellite analysis tool

by MM News Staff
June 30, 2025
(Representational Image)
Crime

Karachi TikToker siblings arrested in Rs130 million robbery case

by MM News Staff
June 30, 2025
(File Photo)
Sports

Azhar Mahmood appointed as Pakistan’s interim Test coach

by MM News Staff
June 30, 2025
(File Photo)
Business & Stock

PSX crosses 125,000 points amid economic optimism

by MM News Staff
June 30, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

Prices

Rs1.15 per unit cut likely in power tariff

by MM News Staff
June 30, 2025

The federal government has submitted an application to the National Electric Power Regulatory Authority...

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
representative image

Latest gold prices in Pakistan today- June 29, 2025

June 29, 2025
representative image

Gold prices further drop in Pakistan

June 28, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.