ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has increased the price of paracetamol products following approval from the Economic Coordination Committee (ECC).
Prices for paracetamol products have risen due to pharmaceutical companies’ demand.
According to a notification, the price of paracetamol 500mg tablet has been set at Rs2.67, up from Rs2.35.
The new price of a paracetamol 500mg tablet is Rs534.
The price of paracetamol extra 500mg tablet has been increased by 57 paisas to Rs3.32 per tablet, up from Rs2.75 previously.
The DRAP announced that the box of paracetamol extra 500mg of will now be sold for Rs332. Paracetamol tablet prices had also been raised three months prior.
On February 10, the federal cabinet’s Economic Coordination Committee (ECC) approved a price increase for paracetamol products based on recommendations from the health ministry.
The decision was made during an ECC meeting presided over by Finance Minister Ishaq Dar.
The committee approved the price increase for paracetamol products, but not the price decrease for 20 medicines.
According to the state news agency, the ECC approved the Drug Pricing Committee’s (DPC) recommendation regarding the Maximum Retail Price (MRP) of paracetamol products.