Competition Commission of Pakistan issues show cause notices to 10 steel suppliers for alleged collusive bidding and price-fixing.

The Competition Commission of Pakistan has issued show cause notices to ten steel structure suppliers for allegedly engaging in collusive bidding, violating the Competition Act, 2010. An inquiry revealed a pattern of nearly identical bids from 2015 to 2022, suggesting price-fixing and strategic non-participation. This anti-competitive behavior potentially impacts market dynamics across Pakistan, prompting further investigation into these companies' practices.