PTI govt okays 15% cut in medicine prices

15% cut on life saving medicines
a lot of pills, selective focus

The federal cabinet on Tuesday gave the nod of approval to a 15% cut in medicine prices of 89 essential and life-saving medicines with immediate effect – offering some relief to the people reeling under the burden of the cost hike of medicine approved by the government earlier this year.

As well as, the cabinet additionally unanimously determined to not deduct the identify of PML-N vice-chairman Maryam Nawaz from the no-fly record, endorsing the suggestions of a subcommittee of the within ministry which was directed by the Lahore High Courtroom to work out the matter.

“They had been on the record of important medicines whose costs needed to be decreased by 10% yearly for 3 years underneath the Medication Pricing Coverage 2018,” he added. “Maintaining all of the elements seeable, we’ve got obtained the federal government’s approval to 15% cut in medicine prices .”

The PM’s aide explained that the govt had to extend the costs of medicines by 15% earlier this year due to the devaluation of the rupee.

In April this yr, the prices of medicines had been elevated by the maximum amount as 400%. This prompted the prime minister to order the discount of the prices inside 72 hours. Aamer Mehmood Kiani, the then nationwide well-being providers minister, was sacked and Dr. Mirza was appointed PM’s particular assistant on well being.

In May, Dr Mirza announced that after meetings with representatives of the pharmaceutical industry, it had been decided that the rise in the prices of medicines would not exceed 75%.


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