ECC approves increase of prices of Paracetamol products 

ISLAMABAD: The Economic Coordination Committee (ECC) approved the recommendation of Drug Pricing Committee (DPC) for reduction in Maximum Retail Prices (MRPs) of 20 drugs. 

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC of the Cabinet, said a press release issued here on Friday. 

The ECC considered another summary of the Ministry of National Health Services, Regulations and Coordination on Maximum Retail Price (MRP) of Paracetamol products and approved the recommendation of Drug Pricing Committee (DPC) for the increase in Maximum Retail Price (MRP) of Paracetamol products and the fixed price of Paracetamol Plain Tablet 500 mg at Rs. 2.67 and Paracetamol Extra Tablet 500 mg at Rs. 3.32. 

The ECC also mulled a summary of the Ministry of National Health Services, Regulations and Coordination and allowed the fixation of Maximum Retail Prices (MRPs) of 18 new drugs as recommended by Drug Pricing Committee (DPC). The prices of these 18 new drugs are at the lowest as compared to the prices of the same drugs in neighboring countries, especially in India. 

 Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, SAPM on Government Effectiveness Dr. Muhammad Jehanzeb Khan, Chairman SECP, Federal Secretaries and other senior officers attended the meeting.