Hike in prices of 94 medicines by federal government has been challenged in Lahore High Court (LHC), petition filed in the high court has requested the court to declare increase in prices of medicines null and void.
As per to details, The federal government has approved an hike in the prices of 94 medicines by anywhere from 9% to 262%.
These include medicines used for fever, headache, heart disease, malaria, diabetes, sore throat and flu, The medicines whose prices have been increased also include antibiotics, abdominal pain, medicines for eye, ear, tooth, mouth and blood infection, skin diseases and post-childbirth drugs.
As per to sources, the federal government of Pakistan was forced to increase the prices of medicines due to various reasons including low availability in the market, appreciation of dollar and rising cost of raw materials.
Out of total, 68 medicines are local and 26 are imported, The price increase was reportedly unavoidable because of the aforementioned reasons.
But, it is said that pharmaceutical companies will not be allowed to raise prices any further until June 2021.
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