Medicine prices are low in Pakistan: senatorOctober 1, 2014
KARACHI: Chairman Brookes Pharma Senator Abdul Haseeb Khan on Thursday revealed that federal government was making legislation about herbal and Greek medicines and sought manufacturers’ medicine lists in this regard.
He said during his visit to Karachi Press Club (KPC). Sectary KPC Aamir Latif, Hamidur Rehman, Tufail Ahmed, Akhtar Shaheen and governing body members of KPC were also present on this occasion.
Khan said medicated soaps, shampoo and baby milk would be registered after legislation about herbal and Greek medicines. He claimed that 75 percent drugs are lower in prices as compared to India. He said efforts were underway to regulate other health method of treatment and bill would be tabled in National Assembly for approval soon. After legislation medicated soap, shampoo, baby milk and other medicines would be registered, he explained.
He dismissed the impression that medicines are lower in prices in India as compared to Pakistan, but in actual, 75 percent drugs are lower in prices in Pakistan as compared to India and only 25 percent medicines are expensive. He said India prepared 98 percent raw material on their own, while electricity and labor are also cheap in neighboring country as compared to our country.
Replying to a question, Haseeb Khan said over 15,000 drugs were registered in Pakistan and we exported medicines to 30 countries. “Currently Pakistan exported medicines worth of 800 million dollars per year to other countries and export would increase to 2,000 million dollars till 2018,’he informed. He said Pakistan imports 98 percent raw material and if government withdraw 15 percent import duty, then medicine prices further can decline.
He stressed the need to implement counterfeit medicines law to resolve health issues. He said healthy society is essential for educated and prosperous nation.
Eelier, Senator Khan met governing body members of Karachi Press Club, where President KPC Imtiaz Khan Faran and Secretary Aamir Latif were also present.