April 25, 2025 (MLN): All Pakistan Cement Producers Affiliation (APCMA) has appealed to the Competitors Appellate Tribunal (CAT) to annul the Rs 6.35 billion penalty imposed by the Competitors Fee of Pakistan (CCP) on APCMA and cement firms in a case regarding alleged value fixing and collusion.

The Competitors Appellate Tribunal (CAT) heard the cement cartel case right now (Thursday), the place legal professional Rashid Anwar, representing the APCMA, articulated his arguments and denied the accusations of value fixing and collusion.

APCMA's authorized consultant submitted that there’s a aggressive panorama inside the cement sector, characterised by differing costs.

He described the CCP's resolution towards cement firms as unjust, declaring that the Fee had imposed a major high quality on these companies in 2009, even whereas they have been incurring losses.

Rashid Anwar argued that the Competitors Fee didn’t conduct a correct geographical evaluation of cement firms.

He mentioned that the quota sharing settlement between the cement firms was signed in 2003 for two years, which had expired by the point the Fee’s resolution got here.

He additional argued that the CCP didn’t have affordable grounds to raid the workplaces of the APCMA and its member firms. He requested the tribunal to invalidate the choice of the CCP.

Later, the tribunal postponed the listening to of the case till Could 22 following the conclusion of APCMA legal professional’s arguments.

On the subsequent tribunal session, attorneys representing totally different cement companies together with former Legal professional Common Khalid Javed Khan, Yousuf Khosa, and Shahbaz Khosa, will put forth their arguments to the tribunal. As soon as they conclude, CCP’s authorized representatives will defend the Fee’s ruling.   

It needs to be famous that the CCP had discovered proof of alleged agreements and collusion regarding cement value willpower (value fixing) involving the APCMA in 2009.

Following a complete investigation, the Fee levied a complete high quality of Rs 6.35 billion towards 20 cement manufacturing companies and the APCMA for alleged value fixing and cartelization.

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Posted on: 2025-04-25T19:27:26+05:00

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