Drug Regulatory Authority of Pakistan approves 15% increase in prices of medicines

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Nine percent increase on retail prices and 15 percent increase in prices approved.

The Drug Regulatory of Pakistan has approved increases of nine and 15 percent on the prices of medicines.

According to paragraph 12 (8) of the Drug Pricing Policy, 2018, maximum retail prices of drugs may be increased.

The increase is determined under hardship category during 2018. Nine percent is determined as the increase on new drugs and a 15 percent increase on the existing prices of drugs.

DRAP has directed for the new prices to be printed under the Drugs Labelling and Packaging Rules 1986.

“The manufacturers and importers of drugs shall furnish calculations of revised maximum retail prices of drugs to the Division of Costing and Pricing of DRAP before implementing the increase.”