The Drug Regulation Authority of Pakistan has issued a statement notifying an increase in the drug prices by 9 to 15 percent.
The notification states that the label of the medicines will bear the revised maximum retail prices. Notably, the regulatory authority has caved into the demands of the drug companies, which have been threatening to stop the production of drugs otherwise.
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The notification states that:
- The increase in the maximum retail prices of the drugs may be brought under 12(8) of Drug Pricing Policy, 2018, namely:
- Nine percent over and above the maximum retail prices determined as determined under hardship category during the year 2018; and
- Fifteen percent over and above existing maximum retail prices determined under the Drug Pricing Policy, 2018 for drugs other than those specified in clause (a).
- The revised maximum retail prices shall be printed on the label, as per the Drugs [Labelling and Packaging] Rules, 1986 and the importers and manufacturers of drugs shall furnish calculations of revised prices to the Division of Costing and Pricing of the DRAP before the increase is put into place.
It is pertinent to mention here that the Supreme Court had stopped DRAP in November from increasing the drug prices till the appointment of the CEO of the authority.
Via: Geo
Jo 10 Percent Discount Milta tha Wo Bhi Khatam Ab :
Jab ik H A R A M K H O R ko CEO lagao gy to yahi hoga
WTF Naya Pakistan
Thank God this government at least took this positive decision. The previous Government didn’t increase prices only so that their vote bank would not get hurt…. After this decision at least we will get many of the Life saving Drugs which the importers stopped importing to Pakistan. Even the Pharmaceutical companies in Pakistan stopped producing most medicines because of the low price and they could not meet costs of production. Now even people like us can get access to such medicines. I know of cases where the people who had relatives abroad got the Medicines through them. a few even had to go to Dubai to buy medicines because they were not available in Pakistan only due to low prices set by previous government.