Three Karachi dairy bodies fined for price manipulation

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalties on three Karachi-based dairy associations for colluding to manipulate fresh milk prices against the provisions of the Competition Act 2010.

The CCP imposed a Rs1 million fine on the Dairy and Cattle Farmers Association (DCFA) and Rs500,000 each on the Dairy Farmer Association Karachi (DFAK) and the Karachi Dairy Farmers Association (KDFA).

The CCP initiated an inquiry following multiple media reports...