ECC defers increase in medicines prices.

ISLAMABAD -- The Economic Coordination Committee (ECC) of the Cabinet on Monday deferred increase in the medicines prices.

Federal Minister for Finance and Revenue Senator MohamAmad Ishaq Dar presided over the meeting of the EconomAic Coordination Committee (ECC) of the Cabinet. The ECC deferred summaries of MinisAtry of National Health Services, Regulations and Coordination on fixation of MPR of 54 new drugs and increase in prices of 119 drugs. The approval was sought from the ECC to increase the MRP of 119 drugs under hardship category as recommended by Drug Pricing Committee (DPC) in its 53rd meeting. The companies claim that it has become unviable for them to produce medicine within MRP or in other wards they claim that the cost of manufacturing has increased from cost of MRP.

The ECC considered and apAproved a summary of Ministry of Energy (Petroleum DiviAsion) regarding arrangement of finance facility for fundAing of government of BaluchAistan's share of obligation in Reko-Diq project dispute setAtlement with directions to the Finance Division to arrange payment of markup amountAing to Rs. 6,238,358,879/- for the period from March 31, 2022 to December 30, 2022 to the NBP for the short term fiAnance facility of Rs. 65 billion.

The ECC considered...