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PHC issues stay order against hike in medicine prices

medicine prices

PESHAWAR: The Peshawar High Court (PHC) on Thursday issued a stay order against the recent hike in medicine prices, ARY News reported.

A high court bench comprising Justice Ikramullah Khan issued notices to the chief federal and provincial law officers to respond to a constitutional petition against the Drug Regulatory Authority of Pakistan (DRAP) for jacking up medicine prices by up to 15 per cent.

“People are dying while you are increasing medicine prices,” observed the judge, who warned that the pharmacies hoarding medicines to create an artificial shortage of drugs would be sealed.

It is pertinent to mention here that a similar petition is pending in the Lahore High Court.

During the preliminary hearing on Jan 18, the high court bench directed the respondents to submit their replies on the petition filed by Nadeem Sarwar in the next hearing.

The petitioner dubbing the hike in prices of medicines as illegal said that no new formula had been determined for fixation of drugs prices. “And without a price formula the prices could not be fixed.”

The petitioner pleaded to the court to declare the DRAP notification as null and void and also order for determination of a formula to fix prices.

The authority last Friday had announced to hike prices of medicines by up to 15 percent. A spokesperson for DRAP termed the hike to be in larger interest of the country and patients.

He said the increase in medicine prices was inevitable owing to various reasons. “The dollar increased by 30 per cent over the last year, which led to an increase in prices of raw material and packaging.”

Besides, the increase in utility tariffs, employees’ salaries and additional duty put extra burden on the pharmaceutical industry, the spokesperson said. The prices had to be revised to keep up with the cost incurred on the manufacturing of medicines, he added.

The post PHC issues stay order against hike in medicine prices appeared first on ARYNEWS.



from ARYNEWS http://bit.ly/2DKtptc
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