Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Angry Birds Movie 3 trailer by Paramount animated sequel before December 2026 release
    Videos

    Angry Birds Movie 3 Trailer Sets Dec 23 Release

    June 30, 2026 1 Min Read
    Olivia Wilde Trailer Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia
    Videos

    Olivia Wilde Trailer Shows Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia

    June 11, 2026 1 Min Read
    Alia Bhatt Alpha teaser shows the actor entering action mode in YRF’s female-led spy thriller.
    Videos

    Alia Bhatt Alpha Teaser Shows Bobby Deol Training Her

    June 10, 2026 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pharmaceutical companies ignore prime minster and increase prices
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Pakistan > Pharmaceutical companies ignore prime minster and increase prices
Pakistan

Pharmaceutical companies ignore prime minster and increase prices

Web Desk
By Web Desk Published March 29, 2014 2 Min Read
Share
SHARE

Despite strict instructions from Prime Minister Nawaz Sharif, pharmaceutical companies in the country have increased the prices of  life-saving drugs on their own. The average increase in the prices is around 30 per cent but there are drugs whose prices have gone up manifold.

On November 28, 2013, the Drug Regulatory Authority of Pakistan (DRAP)  issued a notification increasing the prices of medicines (except life-saving drugs) by 15 per cent. The very next day, however, Prime Minister Nawaz Sharif took notice of the matter and on his direction DRAP withdrew the notification on November 29. However, 16 companies approached the Sindh High Court and obtained a stay order against the withdrawal of the notification.

An officer of the Ministry of National Health Services stated that the companies had increased the prices manifold. However, he added, DRAP failed to ensure the sale of medicines on the officially-fixed rates.

“Although according to the Ministry the prices were not increased since 2001 (except for a few cases in which permission was granted by the government), the fact is that the prices have gone up by 30 per cent in the last five months,” he said.

“As per a market survey, the price of a packet of Memomax 1.5mg capsule has been increased from Rs142 to Rs2205, Serenace ampoule 5mg/ml, which was available for Rs23, is now selling at Rs191,” he said.

When contacted, Director Pricing DRAP Amanullah said after the withdrawal of the notification about the prices some companies approached the Sindh High Court and obtained a stay order due to which it was not possible to force them to reduce the prices.

“DRAP has already raised the issue of 16 companies in the Supreme Court and the next hearing of the matter will be held in April. We have been trying to ensure that not a single company increased the prices,” he said.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

FBR Pakistan logo shown with a taxpayer using a mobile phone, tax records, payment icons and an ATM cash withdrawal scene.

Salaried Class Tax Hits Rs633bn in FY2025-26

Newly discovered Costa Rican ghost shark Rhinochimaera costaricana at the University of Costa Rica Museum of Zoology in San Jose.

Costa Rica Ghost Shark Found Near Cabo Blanco Waters

US-Iran talks venue at Bürgenstock in Switzerland after Friday meeting was called off.

Islamabad MoU Strains as US-Iran Hostilities Resume

Post Archives

More Popular from Photonews

A graphic image shows the Indian and Pakistani flags placed next to each other.
Pakistan

Pakistan India Afghanistan Row Deepens Over Strikes

1 Min Read
Pakistan and India Clash at the UN Over Indus Waters Treaty
Pakistan

Indus Waters Treaty Row Sparks Rivers Covenant Call

2 Min Read
COVID-19 vaccine vials with a syringe placed in front.
Tech

Covid Booster Protection Extends to Some Animal Viruses

2 Min Read
Sindh

Karachi Doctors Protest at Abbasi Shaheed Enters 5th Day

KARACHI: Karachi doctors' protest at Abbasi Shaheed Hospital entered its fifth day on Friday, disrupting outpatient…

July 3, 2026
Entertainment

Daveigh Chase Cause of Death Listed as AIDS

Los Angeles: Daveigh Chase's cause of death was listed as acquired immunodeficiency syndrome by the Los…

June 30, 2026
World

Al Mirsaad TTP Coverage Limited to 4 of 137 Articles

KABUL, Afghanistan: Al Mirsaad mentioned Tehreek-e-Taliban Pakistan in only four of 137 articles while focusing heavily…

June 29, 2026
Sports

Canada Beat South Africa 1-0 on Eustáquio Late Goal

Canada beat South Africa 1-0 after Stephen Eustáquio scored in the 92nd minute at Los Angeles…

June 29, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?