The Ministry of National Health Services, Regulations and Coordination on Wednesday said it will take strict action against an unauthorised increase in Medicine prices in Pakistan by pharmaceutical companies.
According to a Health Ministry official, the Drug Regulatory Authority of Pakistan (DRAP) made the decision on receiving some complaints that unscrupulous elements in pharma industry have increased medicine prices in Pakistan over and above approved maximum retail prices (MRP) by the federal government.
The official added, DRAP had allowed only nine per cent MRPs increase in hardship category and 15 per cent MRPs increase of medicines determined under Drug Pricing Policy, 2018 for drugs other than those specified in clause (a).
The official further said the authority has advised to monitor MRPs in the market and ensure that MRPs of drugs were not higher than the prices notified in a notification issued by DRAP.
As per the order, in case of non-compliance, the government will take legal action against violations under the Drugs Act, 1976, DRAP Act 2012 and other framed rules.
Meanwhile, Health Minister Aamir Mehmood Kiani has ordered a countrywide crackdown against pharmaceutical companies on increasing the prices of medicines against the approved prices of the federal government.
The minister said the government had approved maximum retail price of 889 medicines with an increase of up to nine per cent. Kiani added the ministry would not allow anyone to increase over and above approved maximum retail price by the federal government.
He said the pharma industry had to increase prices to nine per cent as the government approved and warned that it will take stern action against the illegal increased price of medicines.