Islamabad, May 23, 2025: The Competition Appellate Tribunal (CAT) has ordered a fresh hearing of the Rs. 44 billion fine imposed on several sugar mills by the Competition Commission of Pakistan (CCP) for cartel formation and price-fixing.
The case involves multiple members of the Pakistan Sugar Mills Association (PSMA), who were penalized in 2021. The list of sugar mills fined includes major industry players accused of manipulating sugar prices.
However, due to a legal issue over the Chairperson’s casting vote used to decide the penalty, the Tribunal has set aside the previous ruling.
READ MORE: PKR 44 Billion Penalty on Sugar Mill: CAT Remands Case to CCP for Rehearing
CAT directed that the case be reheard by a different CCP member not involved in the original decision, with a final judgment expected within 90 days. This move puts the fate of the fined sugar mills under reconsideration as the competition laws are reexamined.
