ECC defers summary to increase drug prices

ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet deferred summaries of Ministry of National Health Services, Regulations and Coordination on fixation MPR of 54 new drugs and increase in prices of 119 drugs.

ECC met with Minister for Finance and Revenue Senator Ishaq Dar in chair also considered summary of Ministry of National Health Services, Regulations and Coordination for maximum retail price of Remdesivir 100 mg injection and decided not to increase price of Remdesivir 100 mg injection and existing MRP Rs 1892/vial shall remain fixed.

Minister for Power Khurram Dastgir Khan, Minister for Industries and Production Syed Murtaza Mahmud, Minister for Commerce Syed Naveed Qamar, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Musadik Masood Malik,  Shahid Khaqan Abbasi  and MNA/SAPM on Revenue Tariq Mehmood Pasha attended.

SAPM on Government Effectiveness Dr. Muhammad Jehanzeb Khan, Coordinator to PM on Economy Bilal Azhar Kayani , Coordinator to PM on Commerce and Industry Rana Ihsan Afzal, federal secretaries and senior officers also attended meeting.

ECC considered and approved summary of Ministry of Energy (Petroleum Division) regarding arrangement of Finance Facility for funding of government of Baluchistan’s share of obligation in Reko-Diq project dispute settlement with directions to Finance Division to arrange payment of markup amounting to Rs 6.23 billion for period from March 31, 2022 to December 30, 2022 to NBP for short term finance facility of Rs 65 billion.

ECC also deferred summary of Ministry of Aviation on engagement of International Finance Corporation as transaction advisor for outsourcing of three airports.

Published in The Daily National Courier, March, 28 2023

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