Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has announced to bring down the prices of 395 essential medicines whose prices were reduced by the Drug Regulatory Authority of Pakistan (DRAP) but not implemented by the pharmaceutical industry and also announced to reduce prices of other 464 medicines voluntarily by 10-15 percent.
To provide relied to the masses, an announcement was made by Chairman PPMM Mr. Zahid Saeed to reduce prices of 395 essential medicines from one percent to 471 percent as per the government’s SRO no. 1610 and within 15 days, and they would be available on reduced prices throughout Pakistan. At the same time, the pharmaceutical industry also voluntarily decided to lower the prices of another 464 medicines by 10-15 percent to restore selling them at their original cost of production, Zahid Saeed announced, saying these medicines are commonly used for the treatment of communicable and non-communicable diseases.
Here it is also worth mentioning that this was a very tough decision by PPMA, to benefit the masses and common public, because the value of USD has increased severely which has directly increased the cost of production and it has made the cost of doing business in Pakistan very difficult.