| GEO Business|
| Sugar mills deny nexus|
| Updated at: 1316 PST, Monday, November 16, 2009|
KARACHI: The Chairman of All Pakistan Sugar Mills Association (APSMA) Askandar Khan said sugar mill owners will unveil the truths in next two weeks and submit the reply of notice issued by Competition Commission of Pakistan (CCP) within 15 days.
He said sugar mills are providing sugar at the rate of Rs.36 per kilogram since last two months as sugar hoarders and profiteers are responsible for providing sugar at high rates to consumers. He said APSMA had never accepted the alleged nexus.
On the other hand, Chairman CCP Khalid Mirza said CCP did not proposed 10 years punishment to head of business enterprise involves in violation of competition ordinance. He said the present law is working effectively therefore parliament should accept it.