Nawaz directs withdrawal of hike in drug prices

Published November 29, 2013
Taking notice of an increase in medicines’ prices, the prime minister on Friday directed to de-notify the 15pc price hike immediately. – File Photo
Taking notice of an increase in medicines’ prices, the prime minister on Friday directed to de-notify the 15pc price hike immediately. – File Photo

ISLAMABAD: Taking notice of an increase in drug prices, Prime Minister Nawaz Sharif on Friday directed to de-notify the price hike immediately, said a spokesperson of the PM House.

The Ministry of National Health Services, Regulation and Coordination on Thursday announced an increase of 15 per cent in prices of all registered medicines. The ministry had said the drug prices had not been raised since 2001.

“The price raise is unacceptable and drugs prices will remain unchanged,” said the spokesman quoting the premier.

He said the increase in prices of medicines had been withdrawn with immediate effect and a notification has been issued in this regard.

The government had been considering to increase the prices following demands from the pharmaceutical industry, which claimed that in absence of a national drug pricing policy, prices of medicines should be increased by at least 18 per cent.

The drug manufacturers have held at least three meetings with the government since Oct 23 and they had largely remained inconclusive.

Opinion

Are we failures?
27 Feb 2021

Are we failures?

Third World leaders emulated their erstwhile oppressors...
Rage of Caliban
27 Feb 2021

Rage of Caliban

Lawyers have shown that the fraternity abides by tribalistic values...
Combating pollution
26 Feb 2021

Combating pollution

Air quality is at hazardous levels, and a more robust policy response is needed.

Editorial

LoC ceasefire
Updated 27 Feb 2021

LoC ceasefire

THE Pakistan-India relationship is known for its complexity and bitterness, but there are times when surprises of a...
27 Feb 2021

Null and void

HAD people not lost their lives, the ham-fisted attempt at rigging the Daska by-election on Feb 19 could have been...
27 Feb 2021

Minister’s non-appearance

FEDERAL Water Resources Minister Faisal Vawda’s continued absence from the Election Commission’s hearing on the...
Terrorist’s escape
Updated 26 Feb 2021

Terrorist’s escape

It is not clear how many military personnel were involved in this incident and what the investigation into their actions revealed.
26 Feb 2021

Penalising filers

THE FBR has decided to penalise taxpayers filing their returns late. Apparently, these filers will be required to ...
26 Feb 2021

Corporal punishment

FOR a child born in our society, the cycle of violence begins early. The first taste of violence often comes at the...