ECC allows to increase price of paracetamol products

By MG News | February 10, 2023 at 11:13 PM GMT+05:00

0:00

February 10, 2023 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Friday approved to increase in the Maximum Retail Prices (MRPs) of paracetamol products as recommended by the Drug Pricing Committee (DPC), as per the statement issued by the Finance Division today.

Accordingly, the fixed price of Paracetamol Plain Tablet 500 mg was set at Rs2.67, while Paracetamol Extra Tablet 500 mg was fixed at Rs3.32.

The ECC considered a summary of the Ministry of National Health Services, Regulations, and Coordination and allowed the fixation of MRPs of 18 new drugs as recommended by DPC.

The prices of these 18 new drugs are at the lowest as compared to the prices of the same drugs in neighboring countries, especially in India, it added.

Furthermore, the ECC approved a recommendation from the DPC for a reduction in the MRPs of 20 other drugs. This was based on a summary presented by the Ministry of National Health Services, Regulations, and Coordination.

The meeting was presided over by the Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar.

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