Fertiliser companies fined Rs.375m for ‘anti-competitive conduct’

The Competition Commission of Pakistan (CCP) on Tuesday imposed fines of Rs.375 million on fertiliser companies for “anti-competitive conduct”. “The Competition Commission of Pakistan has taken decisive action against anti-competitive conduct in the fertiliser sector, imposing a penalty of Rs.50 million on each of the six major urea manufacturers,” said a press release by the CCP. It added that it also penaliszed a leading industry association Rs.75million, totalling Rs.375m in fines.