Govt approves second hike in drug prices in one month

The Drug Regulatory Authority of Pakistan (DRAP) has notified the increase in prices of drugs from 22 to 35% second time in a month after approval from the Federal Cabinet.

The DRAP notification, dated October 5, 2020, approved an increase in the rates of 235 drugs ranging between 22% and 35%.

According to the publication, the latest spike in prices has come head over heels of up to a massive 510% increase in prices of 94 medicines only last month.

The federal cabinet okayed the raise earlier this month, which practically is the second approval of medicines within one month.

The DRAP’s earlier notification, dated September 17, 2020, to grant approval of an increase in prices of 94 drugs was released two weeks later on September 29, while the second notification, dated October 5, 2020, granting approval of an increase in prices of 235 medicines was released again two weeks later on October 19.