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LHC revokes notification of medicines price hike

10:40 AM | 22 Feb, 2024
LHC revokes notification of medicines price hike
Source: File Photo

LAHORE – Lahore High Court (LHC) has revoked the notification of fixing the prices of life saving medicines, and sought responses from government.

LHC judge Justice Shahid Karim took up the petition of a citizen who filed appeal for suspension the notification of drug prices.

The court then suspended the contentious notification as government allowed the pharmaceutical companies to increase the prices of medicines without getting nod.

The court further asked federal government, secretary national health, Drugs Regulatory Authority and other concerned officials to respond in this reagrd.

The incumbent authorities allowed pharma giants autonomy to independently increase prices of medicines.

​On Wednesday, the government jacked up prices of 146 critical life-saving medicines. The move targets basic medications crucial for treating conditions such as infections, cancer, while prices of some vaccines were also in list.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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