Fixing the sugar price

The Supreme Court has directed the Competition Commission of Pakistan to fix the price of sugar. The court has done this probably in the absence of knowledge on the role of the commission. It was the duty of the attorney-general to tell the court that such an order will not be appropriate as the commission is mandated under law to ensure that in a free market environment competition is generated and nobody is allowed to form a body to fix prices. In fact the CCP has very recently imposed a very heavy fine on the cement industry for doing precisely what the Supreme Court has ordered for the sugar industry. If the CCP is forced to conduct this exercise than its case against the cement industry will stand on very weak legal grounds.

source: thenews