KARACHI: Pakistan Pharmaceutical Manufacturers Association (PPMA) on Wednesday categorically denied any unauthorized raise in the cost of medicines since issuance of stay order by Sindh High Court on December 27, 2013.
PPMA Secretary General, Khawaja Javed Akhter has categorically denied impression being created through news stories published in certain dailies about 20% to 80% increase in the cost of medicine during past one month.
"On the contrary the 14 medicines referred to in the news items are being sold for same prices for last more than one year," he said.
The PPMA office-bearer taking exception to the news reports said otherwise too any increase in drug prices can not be ascribed to the stay order granted by Sindh High Court.
"As a matter of fact our member companies are strictly confirming to the 15% increase in prices as per SRO (1002) dated 27th November 2013 issued by DRAP," said Khawaja Javed Akhter.
He said PPMA as a representative body of the pharmaceutical manufacturers has directed its members to remain strictly within the limits granted by the above referred SRO.
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