Pharma companies' request to raise price of medicines approved

ISLAMABAD: The federal government has decided to increase the price of paracetamol tablets on demand of pharma companies who have sought the increase to cope with the rapid rise in raw material costs. 

On the recommendation of the Drug Pricing Committee (DPC) of DRAP, the Ministry of Health prepared the price hike summary which will be presented to the Economic Coordination Committee (ECC) tomorrow for approval. 

The proposal recommends increasing the price of paracetamol syrup 120 ml by Rs12.18 after which the price of the paracetamol syrup will raise from Rs104.82 to Rs117. 

Furthermore, the Health Ministry urged to raise the paracetamol 500 mg tablet by Rs0.80, after which the price of the paracetamol 500mg tablet will fix at Rs 2.67.