ISLAMABAD: The Ministry of Health and Drug Regulatory Authority of Pakistan(DRAP) has moved a summary seeking an increase in retail prices ofmedicines by 350 percent following the pharma industry’s threat to closedown factories in a week, ARY News reported on Wednesday.
According to details, the Health Ministry and DRAP forwarded a summary tofederal cabinet, seeking a 350 percent increase in prices of 119 medicines.- Advertisement –
The summary – forwarded to federal cabinet – is seeking the increase inprices of medicines for typhoid, malaria, colds and other diseases.
Meanwhile, the pharmaceutical companies announced to halt production in thecountry over increase in rates of dollars and raw materials.
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The companies pointed out that they were facing difficulties inmanufacturing drugs due to the high cost of electricity and gas. “After aweek, drugs production and their supply will no longer be possible forpharmaceutical companies,” they added.
