• Download the Constitution of Pakistan
  • Advertise
Tuesday, May 13, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Medicines in Karachi being sold at five-time higher prices, Drap reveals

by News Publishing
November 20, 2023
in Business, Health
Reading Time: 2 mins read
0
Medicines in Karachi being sold at five-time higher prices, Drap reveals
Share on FacebookShare on TwitterLinkedinWhatsapp

A recent crackdown by the Drug Regulatory Authority of Pakistan (Drap) in Karachi has brought to light a concerning issue: pharmacies and medical stores selling medicines at prices significantly higher than the approved maximum retail price (MRP). Acting on directives from caretaker Health Minister Dr. Nadeem Jan, Drap launched a nationwide campaign against drug profiteering, conducting raids on warehouses, wholesalers, distributors, pharmacies, and medical stores.

According to Drap regulations, pharmaceutical companies are permitted to sell medicines at any price lower than the MRP, but they must not surpass it. Any increase in prices requires pharmaceutical companies to file cases with Drap, providing justification that the production costs have risen and selling within the existing MRP is not economically viable.

Official data shared by Drap indicates that teams raided various medical stores in Karachi’s DHA, Gulshan-i-Iqbal, Gulistan-i-Johar, and other areas. The crackdown revealed several instances of overcharging, with medicines being sold at significantly higher rates than the approved MRP. For example, Heparin Injection, designed to decrease blood clotting, had an MRP of Rs800 but was being sold for Rs3,500. Other medications, including Tramal Injection, Augmentin DS Suspension, Hydryllin cough syrup, Ventolin Inhaler, and Tegral tablets, were also found to be sold at higher prices.

In response to the crackdown, confiscated medicines were seized, and medical stores engaged in overcharging faced closure. Similar initiatives were undertaken in Lahore, uncovering instances of medical stores overcharging for critical medicines related to tuberculosis, epilepsy, cancer, and other life-saving drugs.

Health Minister Dr. Jan emphasized that legal action had been initiated against the owners of medical stores involved in selling medicines at prices exceeding the government-approved rates. He assured that Drap would ensure the quality of drugs and their sale within the government-set MRP.

Tags: DRAPhigher pricesKarachiMedicines
News Publishing

News Publishing

Related Posts

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, andTax Relief Fuel Market Rally

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, and Tax Relief Fuel Market Rally

by News Publishing
May 13, 2025
0

The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index climbing back above the...

PKR and Dollar

PKR Rises Amid Trade Truce Optimism

by Anum Arif
May 12, 2025
0

The Pakistani rupee showed early signs of strength on Monday, appreciating 0.1% against the US dollar in the inter-bank market...

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

Jets

CAC Stock Soars After PAF Downs Indian Rafales

by Anum Arif
May 7, 2025
0

Shares of China’s Chengdu Aircraft Corporation (CAC), the manufacturer of the JF-17 and J-10C fighter jets, surged more than 17%...

Pakistan's goods exports reach $26.86bn after over 6% surge

Pakistan’s goods exports reach $26.86bn after over 6% surge

by News Publishing
May 3, 2025
0

Pakistan's goods exports have climbed to $26.86 billion in the first ten months of the fiscal year 2024–25, marking a...

Next Post
US Dollar to PKR Today – 12 January 2024

US Dollar vs Pakistani Rupee Rate Today – November 20, 2023

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters