The meeting was attended by relevant stakeholders


Islamabad: Minister for Law and Justice Azam Nazeer Tarar on Wednesday chaired the first meeting of the committee formed to give recommendations for independent drug pricing in the country.
Under the directions of the prime minister, a committee has been constituted to address drug pricing in Pakistan, said a press release.
The meeting was attended by relevant stakeholders who presented an overview of the operations of independent price authorities and their functions worldwide, highlighting best practices.
The committee deliberated on the best model for Pakistan, considering various viewpoints from all stakeholders. It was decided that a detailed working paper will be prepared for the next meeting. This paper will identify the current issues related to the pharmaceutical industry, with a focus on pricing in the market.
Key areas to be addressed include, issues related to pricing in the market, medicine imports and the market distortions they cause and categories of drugs that fall outside the domain of government pricing.
Additionally, efforts and plans will be made to create a favorable environment to attract back international pharmaceutical companies that previously operated in Pakistan.
The committee emphasized that the functions of pricing and regulation are distinct. The regulator’s role is to ensure the standards of medicine, whereas pricing should be driven by market mechanisms without state control.
Further updates will be shared as the committee progresses in its efforts to improve the pharmaceutical industry’s framework in Pakistan.

Pak-Afghan tensions: KSE-100 loses over 5,300 points
- 13 گھنٹے قبل
In Jerusalem, Trump hails ‘historic dawn of a new Middle East’ after Gaza ceasefire deal
- 12 گھنٹے قبل

Private Hajj scheme bookings to close at midnight on Friday
- 7 گھنٹے قبل

Is America on the brink?
- 13 گھنٹے قبل
China shows extreme concerns over border clashes between Pakistan, Afghanistan
- 12 گھنٹے قبل

Windows 10 support ends on October 14
- 13 گھنٹے قبل

Pakistan, Saudi Arabia sign MoU to strengthen anti-corruption, asset recovery cooperation
- 7 گھنٹے قبل
.jpg&w=3840&q=75)
Gaza Ceasefire Agreement Signed by U.S., Egypt, Türkiye, and Qatar
- 7 گھنٹے قبل
Pakistan, Türkiye, Azerbaijan pledge stronger parliamentary ties for regional peace, prosperity
- 13 گھنٹے قبل
Ex-Pakistan Test cricketer Wazir Mohammad dies at 95
- 11 گھنٹے قبل

After Lahore, religious party protests, and arson in Karachi
- 14 گھنٹے قبل

PM Shehbaz reaffirms Pakistan’s support for Palestine in high-level meetings at Sharm El-Sheikh Peace Summit
- 8 گھنٹے قبل