Federal Cabinet sanctions second rise in drug prices in a month

Federal Cabinet sanctions second rise in drug prices in a month

Federal Cabinet has sanctioned the second rise in drug price in a month, a formal notification to this effect has been issued by the Drug Regulatory Authority of Pakistan (DRAP) on October 5, 2020. The drug prices have been increased from 22 to 35%.

As per recent reports, 510% of the massive increase in prices of 94 drugs has been made only last month.

In the meantime, Pakistan Drug Lawyers Forum President Mr. Noor Mohammad Mahar has insisted on the Federal Government to revise the drug prices.

The DRAP’s earlier notification, dated September 17, 2020, to grant approval of an increase in prices of 94 drugs was released two weeks back.

Conversely, while commenting on the increase in medicine prices,  Special Assistant to the PM on Health Dr. Faisal Sultan apprised “It is important to ensure that the prices of medicines be affordable to everyone,”

Meanwhile, Special Assistant to the Prime Minister on Political Communication Dr. Shahbaz Gill has apprised that these were the new drugs whose prices have been fixed for the first time so there is no question of an increase in prices.

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