Medicine prices to be increased by 50 per cent

Preparations are underway to increase drug prices by 50% from July.

According to the details, The Young Pharmacists Association has expressed concerns in a letter to the Supreme Court.

The Young Pharmacists Association says, a notification to increase the price of medicines in June will soon be approved by the cabinet.

According to the request, the cabinet will be informed that an increase of 2 to 4 per cent will be made but in fact it will be increased by 50 per cent while the price of some medicines will not be written and the patients will be left at the mercy of the pharmaceutical company.

According to the Young Pharmacists Association, the import of medicines from India will not be stopped while 50 big companies will also be secured from FIA cases.

The petition further said that Rs 10 billion would also be given to the officials after the notification of increase in the prices of medicines, while none of them would be removed from their posts.

The Young Pharmacists Association added that firms would create an artificial shortage of drugs in the market.

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