Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

CCP issues show-cause notices to goods transport associations

byCT Report
20/08/2024
in Breaking News, Chambers & Associations, Latest News, Pakistan Chambers
Share on FacebookShare on Twitter

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued show-cause notices to the Transporters of Goods Association (TGA) and the Local Goods Transport Association (LGTA) for allegedly fixing freight rates for transportation of goods from Port Qasim to various destinations across the country, a prima facie, violation of Section 4 of the Competition Act, 2010.

Transportation is a vital sector driving national economic growth, with local transporters playing a crucial role in supporting various industries, including automobile, textile, oil and ghee, chemicals, beverages, paint, flour mills, cement, steel, and food, said a press release issued here on Monday.

You might also like

Pakistan, Iran agree to keep border crossings open round the clock to boost trade

15/08/2026

Rs563m bank cheques dishonored during FY 2020-21, says report

15/08/2026

Recognizing the importance of this sector, the CCP took suo motu notice of concerns regarding collusion to raise and fix freight rates, through circulars.

The CCP’s inquiry revealed that TGA and LGTA increased transportation rates through price circulars in 2018, 2021 and 2022, while imposing stringent conditions on member companies to adhere to fixed rates or face punitive measures. This constitutes a prohibited agreement, a prima facie violation of Sections 4(1) read with Section 4(2)(a) of the Competition Act of 2010.

As part of the investigation, the CCP conducted search and inspection, seizing relevant records and documents that provided substantial evidence of the alleged violations.

The enquiry further highlighted that the alleged anti-competitive behaviour of TGA and LGTA has spill over effect across territories of other provinces.

Cargo arriving at Karachi Port Trust and Port Qasim, which is then distributed across Karachi and adjacent areas of Sindh (Hyderabad), Gharo and Balochistan, is impacted by changes in freight rates. Consequently, these changes can affect the cost of goods manufactured, potentially leading to broader economic implications.

Related Stories

Pakistan, Iran agree to keep border crossings open round the clock to boost trade

byCT Report
15/08/2026

ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...

Rs563m bank cheques dishonored during FY 2020-21, says report

byCT Report
15/08/2026

LAHORE: It has been revealed that bank cheques worth over Rs563.2 million, belonging to industrialists, have been dishonored. The audit...

FBR slaps new daily fines on delayed customs clearance starting Oct 1

byCT Report
15/08/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced new graded penalties for delays in filing goods declarations and clearing...

Pakistan’s foreign exchange reserves rise by $14m to $22.5b

byCT Report
15/08/2026

KARACHI: Pakistan’s total liquid foreign exchange reserves increased by $14 million during the week ended August 7, 2026, reaching $22.498...

Next Post

S.M Tanveer seeks low electricity cost for revival of industrial sector

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.