ISLAMABAD: The Drug Regulatory Authority of Pakistan (Drap) has notified an increase in the prices of medicines in the country.
As per a notification issued by the authority, prices of the life-saving medicines can be increased by 14 percent, while that of all other drugs by 20pc.
The notification says that Drap's policy board will review the price-fixing formula again after three months.
Officials say the prices of medicines can also be reduced after the review, if the value of the dollar decreases.
The approval for the increase in the medicines' prices was earlier given by the Economic Advisory Committee of the federal cabinet.
