The Competition Commission of Pakistan (CCP) will resume investigation of the edible oil and ghee sector after the Pakistani Supreme Court granted an appeal against the Islamabad Supreme Court ruling on September 14, 2021.
The CCP had previously noticed an unusual rise in ghee / edible oil prices despite palm oil prices falling in January-May 2020.
CCP requested information from the Oil/Ghee companies on the said issue, but one company, Dalda Foods, received a stay order from the Islamabad High Court to provide information to the Commission pursuant to section 36 of the Closure Order.
The Commission immediately files an appeal to the Pakistani Supreme Court.
The Supreme Court allowed an appeal to the Court of Appeal to address a number of important legal issues raised in the judgment on appeal. At the same time, the Supreme Court suspended the Supreme Court’s ruling of September 14, 2021, pending a final settlement of the CCP’s appeal to the prestigious Supreme Court.
Therefore, the CCP will reopen its investigation into the edible oil and ghee industry.
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