ECC defers summary to increase drug prices

ISLAMABAD (APP) - The Economic Coordination Committee (ECC) of the Cabinet on Monday deferred summaries of Ministry of National Health Services, Regulations and Coordination on fixation MPR of 54 new drugs and increase in prices of 119 drugs.

The ECC, met with Minister for Finance and Revenue Senator Muhammad Ishaq Dar in chair, also considered a summary of Ministry of National Health Services, Regulations and Coordination for maximum retail price of Remdesivir 100mg injection and decided not to increase the price of Remdesivir 100mg injection and the existing MRP Rs1,892/vial shall remain fixed.

The ECC considered and approved a summary of Ministry of Energy (Petroleum Division) regarding arrangement of Finance Facility for funding of Government of Balochistan’s share of obligation in Reko-Diq project dispute settlement with directions to the Finance Division to arrange payment of markup amounting to Rs 6,238,358,879 for the period from March 31, 2022 to December 30, 2022 to the NBP for the short term finance facility of Rs 65 billion.

The ECC also deferred a summary of Ministry of Aviation on engagement of International Finance Corporation as transaction advisor for the outsourcing of three airports.