Pakistan, Aug. 12 -- The Competition Commission of Pakistan (CCP) has maintained a fine of Rs35 million on the Pakistan Flour Mills Association for colluding to raise wheat flour prices across the country. The appellate tribunal rejected the association's appeal and ordered the amount to be deposited into the national treasury without delay. This decision aims to ensure accountability and deter future price manipulation.

The tribunal confirmed that the flour mills association was involved in coordinated actions that caused an artificial increase in flour prices, impacting millions of consumers nationwide. Such price fixing created unnecessary financial strain on households and contributed to overall inflation. By upholding the fine, the ...