Price hike: Action against drug firms likely

The Ministry of NHSRC has taken notice of reports of illegal price hike by pharmaceutical companies.

Our Correspondent April 01, 2014
Substandard medicines supplied to hospital were sold to drug stores. PHOTO: FILE

ISLAMABAD:


The Ministry of National Health Services, Regulations and Coordination (NHSRC) has taken notice of reports of illegal price hike by pharmaceutical companies.


According to a press release, Minister NHSRC Saira Afzal Tarar on Monday said in an emergency meeting, “Some companies seek restraining orders from the court to avoid action by Drug Regulatory Authority of Pakistan (DRAP) after illegally increasing the price.

Last September, DRAP had filed a case in Supreme Court against firms who had increased prices. The case has been adjourned till the third week of April. The apex court has directed DRAP to submit a comprehensive report.

The minister has constituted a three-member committee headed by DRAP chief executive officer to monitor the market and report on any violation of the pricing regime.

Published in The Express Tribune, April 1st, 2014.

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