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FootNote: The number of workers figures relate to 67 out of 97 composite jute jute mills were under suspension of work/ closure or did not submit information on the date of report.
Providing details, the BoI chairman said CCP had imposed a billion fine on cement manufacturers. Similarly, jute mills were fined for Rs23 million while Rs50 million fines was imposed on the ...
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IJSG News> World News Archive> August 29, 2011: North East crafts fair opens in Chennai : August 29, 2011 ''Golden Fiber'' regains its glory
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Oct 14, 2010· ISLAMABAD, Oct 13 The Competition Commission of Pakistan (CCP) issued on Wednesday a showcause notice to the Pakistan Jute Mills Association (PJMA) for alleged cartelisation in supply of gunny ...
ISLAMABAD: Finance Minister Ishaq Dar informed the National Assembly that many industries and sectors in the country have formed cartels with the view to obtain undue economic advantage "at the ...
Oct 13, 2011· The prophetic words of the great economist Adam Smithto the effect that when traders meet they do not just talk about the weather, but scheme to profiteerare still .
Facts CCI findings COMPAT order. By way of an order dated July 1 2016, the Competition Appellate Tribunal (COMPAT) set aside an order from the Competition Commission of India (CCI), under which the Indian Jute Mils Association (IJMA) and the Gunny Trade Association (GTA) were penalised for alleged cartelisation in the pricing of jute bags.
"Likewise, the CCP imposed a fine of billion against jute millers while an Rs50 million fine had been imposed on ghee mills for increasing prices of the commodities without any rationale.
ISLAMABAD The Competition Commission of Pakistan (CCP) has issued show cause notices to 10 jute mills, all members of Pakistan Jute Mills Association (PJMA), for alleged cartelisation in supply of ...
Jute" is the name of the plant or fiber used to make burlap, hessian or gunny cloth. Jute is one of the most affordable natural fibers, and second only to cotton in the amount produced and variety of uses. Jute fibers are composed primarily of the plant materials cellulose and lignin.
Cartelisation carried a maximum penalty of up to Rs75 mn in fines or ten per cent of the annual turnover, said Dar. ... Cartels operating in several sectors, Dar tells NA. ... These included ...
Suhail Jute Mills Limited (the Company) was incorporated in Pakistan in 1981 as a Public Limited Company under the Companies Act, 1913 (now Companies Act, 2017). Its shares are quoted on Pakistan Stock Exchange in Pakistan. The Company is principally engaged in the business of manufacturing and sale of Jute products.
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The Indian Jute Mills Association (IJMA) has said that the reduction in procurement of jute bags for sugar for the upcoming season will "adversely impact" the industry. According to the new provisions, 20 per cent of sugar will have to be mandatorily packed in jute bags.
Introduction Jute (जूट) is a natural fibre with golden and silky shine and hence called The Golden Fibre. It is the cheapest vegetable fibre procured from the bast or skin of the plant''s stem and the second most important vegetable fibre after cotton, in terms of usage, global consumption, production, and availability.
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