National Medicine Policy to be introduced to regulate prices of drugs: Zafar

National Medicine policy medicine prices pakistan Baitul Mal DRAP Drug Regulatory Authority of Pakistan Federal Capital Territory drugs
16 May, 2019 8:10 pm

ISLAMABAD (92 News) – Special Assistant to Prime Minister on Thursday National Health Services Dr Zafar Mirza has said that National Medicine Policy (NMP) is being introduced to regulate the prices of drugs on long-term basis.

Addressing a news conference on Thursday, he said the government is working on this policy in consultation with stockholders of pharmaceutical industry.

Drugs prices hiked due to ineffective policies of previous govts

The special assistant said the drugs prices were increased due to ineffective policies of previous governments and the PTI led government is taking bold measures to control this menace.

He said the prime minister had announced to take strict actions regarding high prices of 889 medicines in which prices of 395 medicines have been reduced and the direction of the premier will be implemented very soon.

DR Zafar said that over 300 per cent increase made in the prices of medicines is being brought down to 75 per cent in consultation with pharmaceutical industry.

Govt to save Rs8bn after reduction in prices of 395 medicines

He said the government will save 8 billion rupees after reduction in prices of 395 medicines and this amount will be returned to the consumers by spending it on poor and deserving patients through Fatal Disease Fund of Pakistan Baitul Mal.

He said 9 per cent increase in prices is also being withdrawn which was further risen after fixing the prices on 15 percent increase. He said two billion more rupees will saved after this withdrawal and limitation up to 75 percent increase in prices.

The special assistant said the government is also working to support the industry to increase its export ensuring availability of essential and lifesaving medicines in the market. He said availability of essential and lifesaving medicines will be ensured in the country at all cost.

Dr Zafar Mirza said Drug Regularity Authority of Pakistan is being made a model Authority. He said working is also underway to revamp the public hospitals in Federal Capital Territory and a Model Medical System will be ensured in future. He said DRAP is working on a study assessment to investigate the production standard of the medicines in Pakistan.

Special Assistant said that he will present 100-day performance report of the Health Ministry after completion of 100 days.

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