Islamabad, October 26, 2022 (PPI-OT): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with heads of pharmaceutical companies involved in the production of Paracetamol products. Mr. Tariq Bajwa, SAPM on Finance also attended the meeting.
The meeting reviewed the maximum retail price and shortage of Paracetamol products in the country and discussed modalities for smooth supply and availability of Paracetamol products in the markets on affordable rate. It was informed that rising import prices of pharmaceutical raw materials and increasing production costs are increasing the shortage of essential medicines in the market.
The Pharmaceutical heads demanded a high increase in the prices of Paracetamol products to overcome the shortage. In order to resolve the issue of shortage of Paracetamol products and to support local manufacturers, the chair discussed in details with the stakeholders and following reduced prices of Paracetamol products have been agreed upon by the Pharma industry against their demanded prices.
Simultaneously, the production of Paracetamol products has been started by the Pharmaceutical manufacturers. Product Current Price (Rs.) Demanded Price (Rs.) Agreed Price (Rs.) Plain 500 mg 1.87 2.67 2.35 Extra 500 mg 2.19 3.32 2.75 Liquid 104.8 117.6 117.6
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