Islamabad: The Competition Commission of Pakistan (CCP) has launched an initiative urging the public to report instances of business cartelization, which it identifies as a major cause of inflated prices and substandard goods in the country. Informants can earn rewards of up to Rs. 2,000,000 while their identities remain confidential.
According to a statement by Competition Commission of Pakistan, cartelization in markets occurs when suppliers conspire to fix prices and control supply for illicit gains, which contravenes the Competition Act 2010. The CCP stresses the importance of maintaining healthy competition among suppliers to ensure consumers receive quality goods at fair prices.
The CCP has called on both the general public and stakeholders to take action against such illegal business practices. The commission is encouraging individuals with knowledge of price-fixing agreements to report these activities. Verified information will not only earn informants monetary rewards but also recognition for contributing to the country’s economic integrity.
This initiative is part of CCP’s broader mandate to foster fair competition and protect consumer rights. By involving the public, the commission aims to dismantle illegal cartels and promote transparency in the marketplace. The CCP is accessible via phone, email, or its website for those wishing to report suspicious activities.