A 22 to 35% increase in prices of 253 medicines has been notified by the Drug Regulatory Authority (DRAP). This is the second time there has been an increase in medicine prices in less than a month.
The DRAP notification did not include the names of the medicines.
According to the report, President Pakistan Drug Lawyers Forum (PDLF), Noor Mohammad Mahar, asserted that notification was originally issued on October 5 but was made public earlier this week.
PDLF President denied the government’s decision and asked it to retract the notification.
Earlier on September 24, the federal government had approved the price hike for 94 life-saving drugs to ‘ensure their availability in the market.’
Commenting on the development, Special Assistant to Prime Minister (SAPM) on Health, Dr. Faisal Sultan, had said that the recent hike was ‘inevitable’ to ensure their uninterrupted supply of the medicines.
He supported the DRAP’s decision and called it a ‘reasonable increase.’ Dr. Sultan said that pharmaceutical companies stop producing essential medicines if prices are not increasing, which creates a shortage across the country.
He stated that in order to avoid a shortage of life-saving drugs the increase in prices was approved.