DRAP notifies up to 15 percent increase in medicine retail prices

ISLAMABAD: Drug Regulatory Authority of Pakistan (DRAP) has notified increase in maximum retail price of medicines up to 15 percent.

 

 

 

A notification issued by the DRAP said that the prices had been increased by 9 percent to 15 percent with the approval of the federal government.

Maximum retail prices of drugs may be increased as:

a. Nine percent over and above maximum retail prices as determined under hardship category during the year 2018; and
b. Fifteen percent over and above existing maximum retail prices determined under Drug Pricing Policy, 2018 for drugs other than those specified in clause (a).

It said that the revised maximum retail prices shall be printed on the label in the manner prescribed by the Drugs (Labeling and Packing), Rules, 1986 and the manufacturers and importers of drugs shall furnish calculation of revised maximum retail prices of drugs to the division of costing and pricing of the DRAP before affecting the increase.

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