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News Competition Commission of Pakistan launches price spike investigation

Competition Commission of Pakistan launches price spike investigation

Written by Global Cement staff 27 July 2020
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Pakistan: The Competition Commission of Pakistan (CCP) has launched an investigation into alleged collusion between cement companies that may have been the cause of a localised cement price spike in northern Pakistan. On 25 July 2020 the Pakistan Bureau of Statistics (PBS) recorded cement price rises of up to 8.9% in Punjab and Khyber Pakthunkhwa compared to a month earlier, according to the Profit newspaper. Officials had predicted a nationwide price drop after the government abandoned the Federal Excise Duty (FED) on cement in June 2020. Prices have decreased by a small margin in the southern regions of Balochistan and Sindh.

The Ministry of Industries and Production previously asked producers to lower cement costs in May 2020 in order to boost construction in the interest of the post-coronavirus lockdown economic recovery.

Last modified on 29 July 2020
Published in Global Cement News
Tagged under
  • Pakistan
  • Competition Commission of Pakistan
  • Competition
  • Prices
  • Government
  • Tax
  • Pakistan Bureau of Statistics
  • Punjab
  • KhyberPakhtunkhwa
  • GCW466

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