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03 April 2020 The on-line newspaper devoted to the world of transports 08:56 GMT+2



June 24, 2011

Shipping agents fined Rs1m for forming cartel

ISLAMABAD: The anti-trust watchdog on Thursday imposed a fine of Rs1 million on the Pakistan Ship Agents Association (PSAA) after finding evidence of about the creation of a cartel that restricted competition in the market.
A three-member bench of the Competition Commission of Pakistan (CCP), in its order, held that PSAA had violated Section 4 of the Competition Act, 2010 by recommending a range of charges for ancillary shipping services provided by its members, said a CCP statement. The bench comprised members of CCP namely Abdul Ghaffar, Dr Joseph Wilson and Mueen Batlay ......
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