ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Friday gave its approval for increasing the prices of 20 medicines, including the rates of paracetamol.
The decision was made during the ECC meeting held with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, a statement mentioned.
The ECC took up a summary of the Ministry of National Health Services, Regulations, and Coordination and allowed the fixation of maximum retail prices (MRPs) of 18 new drugs as recommended by the drug pricing committee (DPC).
The prices of these 18 new drugs are at the lowest as compared to the prices in neighbouring countries, especially in India, read the statement issued by the finance ministry.
The committee also considered another summary of the ministry on the maximum retail price of paracetamol products and approved the recommendation of the DPC for an increase in the MRP of paracetamol products and the fixed price of paracetamol plain tablet 500mg at Rs2.67 and paracetamol extra tablet 500mg at Rs3.32.
The ECC also considered another summary of the ministry and approved the recommendation of DPC for a reduction in the maximum retail prices of 20 drugs.
