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