Drug prices soars by 9-15 percent
KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) today announced an increase in prices of various medicines by 9 to 15 percent throughout the country.
As per the notification, the revised maximum retail prices of the medicines will be printed on the label.
Since past few months, Drug companies were demanding for an increase in the prices of medicines. Following to the threats of bringing halt to the manufacturing of drugs.
DRAP now has given green signal to the drug manufacturers demand subsequent to issuing a notification for the increase in medicine prices.
1. Maximum retail prices of drugs may be increased under paragraph 12 (8) of Drug Pricing Policy, 2018, namely:
(a) “Nine percent over and above the maximum retail prices determined as determined under hardship category during the year 2018; and
(b) 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)
2. The revised maximum retail prices shall be printed on the label in the manner prescribed by the Drugs [Labelling and Packaging] Rules, 1986 and the manufacturers and importers of drugs shall furnish calculations of revised maximum retail price of drugs to the the Davison of Costing and Pricing of the Drug Regulatory Authority of Pakistan before affecting the increase.
It must be mentioned here that already the prices of many other commodities are jumping to sky. Now, in the health sector the hike in the prices of medicines will cause severe problems for the masses. More specifically the underprivileged sect of our society.