Federal govnt hikes medicine prices by 15pc

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From Fasih Ahmed

ISLAMABAD: Following the approval of federal government, the Drug Regulatory Authority of Pakistan (Drap) yesterday announced a 15 percent increase in the prices of medicines. “The revised maximum retail prices shall be printed on the label in the manner prescribed by the Drugs [Labelling and Packaging] Rules, 1986 and the manufacturers and importers of drugs shall furnish calculations of revised maximum retail price of drugs to the Division of Costing and Pricing of the Drug Regulatory Authority of Pakistan before affecting the increase,” says the notification.

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