Manufacturers demand 30pc hike in drug prices.

PESHAWAR -- The local pharmaceutical manufacturers have demanded of the government to increase the maximum retail prices (MRP) of medicines, including lifesaving ones, by 20-30 per cent and abolish 17 per cent sales tax for them.

The demand was made during a meeting between the owners of drug manufacturing units and Sarhad Chamber of Commerce and Industry leader Hasnain Khurshid Ahmad at the Chamber's House here on Wednesday.

The visitors led by Junaid Altaf said if 20-30 per cent hike in the MRPs of medicines and abolition of 17 per cent sales tax for the pharmaceutical industry were not notified, many units would close down causing medicine shortages and price hikes.

Mr Altaf said it would be 'completely' unjust not to increase medicine MPRs in view of the escalating oil and raw material prices in the local and global markets.

'The prices of raw pharmaceutical materials have increased in the global market causing serious problems for drug manufacturers, who are reeling...

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