AN advertisement (Nov 17) placed by the All Pakistan Cement Manufacturers’ Association about monopolistic advantage provided to a single terminal at Port Qasim was quite amusing to those who know a thing or two about the matter.
The cement industry is considered among the longest-running cartels in the country, making massive profits in an incredibly non-competitive manner. The industry has no interest in curbing monopolistic behaviour or promoting the free market unless of course it is hurting its own bottom line.
Hasan Raza
Karachi
Published in Dawn, December 1st, 2020
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