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Govt takes measures to keep drugs prices static

ISLAMABAD: Pharmaceutical companies under Drug Pricing Policy 2018 can increase prices of essential drugs by seven percent and non-essential drugs by ten per cent in accordance with annual Consumer Price Index (CPI).

According to spokesperson of Ministry of National Health Services, the government proactively took measures by keeping the prices static by interacting with pharma industry to alleviate suffering of people during this pandemic.

Accordingly, pharmaceutical companies have decided not to increase drug prices in the first quarter of this financial year in support of the government’s initiative to provide relief to the people due to the COVID-19 pandemic.

All medicines will remain available at old prices in the first quarter of this financial year.

“Government appreciates and commends the decision of the pharmaceutical companies and to stand with the government to provide relief to the people of Pakistan in this difficult time,” he added.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.