Pakistan, June 25 -- The Supreme Court (SC) on Wednesday reserved its judgment in an appeal filed by the Vanaspati Manufacturers Association against a penalty imposed by the Competition Commission of Pakistan (CCP) over a reduction in ghee and edible oil prices.

A two-member bench headed by Justice Jamal Khan Mandokhail heard the case.

During the proceedings, counsel for the association argued that the reduction in the prices of ghee and cooking oil had been made at the request of the government and that documentary evidence supporting this position was available on record. He contended that the Competition Commission had initiated proceedings in 2010 on the basis of records from 2008 and imposed a penalty despite the fact that the pric...