This Is Why Medicine Prices Have Been Remarkably Increased In Pakistan
Mahnoor Sheikh (@mahnoorsheikh03) Published January 14, 2019 | 01:56 PM
Media reports revealed some influential mafia to have been involved in increasing the medicine prices in the country.
Islamabad (UrduPoint / Pakistan Point News – 14th January, 2019) The Drug Regulatory Authority of Pakistan (DRAP) had issued a notification to increase the prices of different medicines from 9 to 15 percent.
However, the reason for this hike in medicine prices has been revealed.
Media reports revealed some influential mafia to have been involved in increasing the medicine prices in the country.
Sources said that the prices of locally produced medicines were increased.
The reports revealed that there are 45 such politicians and lawmakers who own the drug manufacturing companies.
Moreover, 23 percent companies belong to the owners of private hospitals or doctors appointed on key positions in the hospitals and their close aides.
An artificial shortage was created before increasing the prices of medicines.
The DRAP had on January 11 notified the increase of up to 15 percent in the price of medicines across the country with the approval of the Federal government.
In a statement issued, the authority notified a 9 percent increase in the retail price of life-saving drugs and 15 percent in the retail price of other medicines.
The increase, in the prices of 898 branded and 123 solid drugs, takes effect from January 1, the notification said.
The price hike would impact the rate of some 24,000 medicines, including the life-savings drugs.
There were several reasons for the price hike, including devaluation of the rupee against the Dollar during last one year, which in turn increased the cost of raw materials and packaging materials.
Related Topics
Recent Stories
Aeon & Trisl signifies back-to-back successes by securing the No. 1 Award at the ..
Attaullah Tarar’s success notification from NA-127 challenged
PSX witnesses positive trend today
PM Shehbaz meets CJP Isa to address IHC judges’ concerns
Pakistan vows to bring to justice perpetrators, abettors of Bisham terrorist att ..
May 9 riots: SC allows conditionally to military courts to deliver reserved verd ..
Interior Minister arrives in Peshawar after Shangla suicide attack
OPPO Reno 11 F 5G: Setting New Records as Pakistan's Most Beloved Smartphone Lin ..
PCB dismisses FICA's claims of unpaid dues in PSL
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 March 2024
Today Gold Rate in Pakistan 28 March 2024
Niger says US to submit plan to 'disengage' troops
More Stories From Pakistan
-
65 Deputy Public Prosecutors promoted
10 minutes ago -
Principal sheds light on dangers of kite flying
10 minutes ago -
Spring tree plantation drive underway in Bahawalpur
10 minutes ago -
ATC extends interim bail of PTI founder till Apr 4
10 minutes ago -
Security put on high alert for Easter
10 minutes ago -
Power suspension for Kohat notified
10 minutes ago
-
Complete Lady Wellington Hospital new building on time: minister
10 minutes ago -
2221 power pilferers netted in Muzaffargarh circle
20 minutes ago -
Timely completion of roads’ construction projects stressed
30 minutes ago -
Victory at Ghazwa-e-Badr: Muslims triumph overwhelming odds on 17th Ramazan
30 minutes ago -
NAB organizes Khuli Kachehri
30 minutes ago -
Rickshaw driver dies after cloth stuck into chain
30 minutes ago