Health ministry allowed companies to increase medicine prices

ISLAMABAD (92 News) – The Ministry of Health Regulation had allowed the pharmaceutical companies to increase prices of medicine by 8 percent, this was revealed in Senate Standing Committee on Health Regulation meeting on Thursday.

Senate Standing Committee on Health Regulation chairman Senator Sajjad Ali Toori chaired a meeting in Parliament House on Thursday. During the meeting, matters pertaining to the situation after increase in prices of medicine were reviewed.

Minister of National Health Services Regulation and Coordination Saira Afzal Tarar said that the ministry is formulating a new summary to control the prices of medicines and after the approval of the summary, the government could impose fine on the companies which have increased the prices.

She revealed that the ministry had allowed the pharmaceutical industries to raise prices by eight percent but the companies have increased the prices upto 50 percent.