AIRLINK 193.56 Decreased By ▼ -1.27 (-0.65%)
BOP 9.95 Increased By ▲ 0.14 (1.43%)
CNERGY 7.93 Increased By ▲ 0.57 (7.74%)
FCCL 40.65 Increased By ▲ 2.07 (5.37%)
FFL 16.86 Increased By ▲ 0.41 (2.49%)
FLYNG 27.75 Increased By ▲ 0.21 (0.76%)
HUBC 132.58 Increased By ▲ 0.83 (0.63%)
HUMNL 13.89 Increased By ▲ 0.03 (0.22%)
KEL 4.60 Decreased By ▼ -0.06 (-1.29%)
KOSM 6.62 Decreased By ▼ -0.04 (-0.6%)
MLCF 47.60 Increased By ▲ 2.21 (4.87%)
OGDC 213.91 Decreased By ▼ -0.08 (-0.04%)
PACE 6.93 Increased By ▲ 0.07 (1.02%)
PAEL 41.24 Increased By ▲ 1.18 (2.95%)
PIAHCLA 17.15 Increased By ▲ 0.36 (2.14%)
PIBTL 8.41 Increased By ▲ 0.09 (1.08%)
POWER 9.64 Increased By ▲ 0.21 (2.23%)
PPL 182.35 Increased By ▲ 0.16 (0.09%)
PRL 41.96 Increased By ▲ 0.13 (0.31%)
PTC 24.90 Increased By ▲ 0.34 (1.38%)
SEARL 106.84 Increased By ▲ 4.31 (4.2%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 40.10 Increased By ▲ 0.66 (1.67%)
SYM 17.47 Increased By ▲ 0.14 (0.81%)
TELE 8.84 Increased By ▲ 0.08 (0.91%)
TPLP 12.75 No Change ▼ 0.00 (0%)
TRG 66.95 Increased By ▲ 1.55 (2.37%)
WAVESAPP 11.33 Increased By ▲ 0.22 (1.98%)
WTL 1.79 Increased By ▲ 0.09 (5.29%)
YOUW 4.07 Increased By ▲ 0.13 (3.3%)
BR100 12,045 Increased By 70.8 (0.59%)
BR30 36,580 Increased By 433.6 (1.2%)
KSE100 114,038 Increased By 594.4 (0.52%)
KSE30 35,794 Increased By 159 (0.45%)

The Ministry of National Health Services faced tough criticism from members of the Senate Standing Committee on National Health Services over its failure to control medicine prices in the country. During the meeting of the committee chaired by Senator Sajjad Hussain Turi, members lashed out at the ministry and said the Drug Regulatory Authority of Pakistan was equally involved in the increase of the prices.
In January, multinational companies obtained a stay order from the Sindh High Court and increased the prices of medicines by making an excuse that it was not viable for them to manufacture medicines at the rates fixed by Drap. Secretary health informed the committee members that Sindh High Court has sought a detailed reply from the medicine manufacturing companies in the next 15 days and there is hope the matter would be settled soon.
Minister for National Health Services Saira Afzal Tarar said the ministry was unable to initiate any action against the companies as they get stay order from courts. She also admitted the government has no mechanism to recover additional amount from the companies which they collect from customers and patients. "We don't have any law at the moment to tighten the screws on the medicine manufacturing companies," she said.
The pharmaceutical companies had submitted false affidavits to the court claiming that the prices of medicines were much higher in India, she said, adding that most of the medicines were available at cheaper rates in the neighbouring country. Senator Ateeq Shaikh, however, said the ministry has failed to resolve some genuine issues of the medicine manufacturing companies as well; therefore the companies are not willing to reduce the prices. The minister said the companies have been invited many times and asked to submit their documents with the ministry; so that their genuine issues could be resolved but they failed to do so.

Copyright Business Recorder, 2016

Comments

Comments are closed.