Home / Knowledge / News / Textiles / CCP directs PSF manufacturers to file affidavits
CCP directs PSF manufacturers to file affidavits
Jan '08
Four leading Polyester Staple Fiber (PSF) manufacturers have been directed by the Competition Commission of Pakistan (CCP) to file undertakings/affidavits that they have not organized themselves in any formal association in any manner and the informal association that does exist, in no manner meets or coordinates to adopt or fix parallel pricing or level of output.

The PSF manufacturers denied that they have quoted any prices in the media or provided any information in this regard.

The Commission has directed them to file affidavits and undertakings by January 15, 2008 in order to verify the above facts.

The manufacturers are:
1. M/s. Pakistan Synthetics Ltd
2. M/s. ICI Pakistan Ltd
3. M/s. Rupali Polyester Ltd
4. M/s. Ibrahim Fibers Ltd.

The hearings were held under the Chairmanship of Mr. Khalid A. Mirza. Mr. Abdul Ghaffar, Mrs. Rahat Kaunain Hassan and Miss. Maleeha Mimi Bangash, Members were also present.

Senior Executive (Mergers, Cartels, Monopoly and Trading) and Registrar assisted the Commission during the hearings.

Monopoly Control Authority (MCA) had initiated suo-moto inquiry under Section 14 of the Monopolies and Restrictive Trade Practices (Control & Prevention) Ordinance, 1970 (Ordinance) against the Staple Fiber Manufacturers (PSF) for colluding in parallel pricing as reported in the daily Business Recorder.

The manufacturers were heard by the MCA and were also served with Show Cause Notices.

In response to the Notices the PSF manufacturers denied providing any news agency or media organization any price quotation of their products or acting in collusion.

The cases were initiated against the undertakings by the MCA under the provisions of Sections 11 of the Monopolies and Restrictive Trade Practices (Control & Prevention) Ordinance, 1970 and were heard under the same provisions read with Section 59 of the Competition Ordinance, 2007.

Competition Commission of Pakistan

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Opening ceremony of the new UL Vietnam laboratory. Courtesy: Business Wire

Textiles | On 22nd Oct 2016

UL opens first testing laboratory in Vietnam

UL, a global safety science organisation, has officially opened its...

Textiles | On 22nd Oct 2016

Kazanorgsintez picks Technip’s furnace for ethylene plant

Supplier of technology for petrochemical plants, Technip has been...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search