ISLAMABAD: Prices of medicines have increased by 14.15 percent in Pakistan, ARY News reported citing official reports.
According to recent reports, drug prices have increased significantly, registering an annual increase of 14.15%.
The report said that fees for health facilities have increased by 15.22 percent, making it difficult for people to receive medical care.
Additionally, doctors’ medical fees have increased by 18.76% within one year, increasing the financial burden on patients.
Pharmaceutical prices have also skyrocketed, increasing by 1.66% in September alone. Dental services are 29.47 percent more expensive, and medical tests are 7.32 percent more expensive.
The cost of healthcare facilities has increased by 17.12% within a year, making it difficult for people to access healthcare services.
The report also revealed that prices increased by 9.58% in the education sector and motor vehicle tax increased by a staggering 168.79%.
Additionally, textbooks and stationery increased in price by 5.75 percent and 7.71 percent, respectively.
In May, Pakistan imposed a sales tax of up to 18%, which was expected to cause drug prices to rise sharply.
Officials from the Department of National Health Service, Regulation and Coordination (NHS, R&C) said the government had proposed imposing an 18% sales tax on medicines in the budget, based on recommendations from the International Monetary Fund (IMF).
Experts have warned that the imposition of 18% GST will make medicines unaffordable for many people. This measure will allow pharmaceutical companies to set and sell their medicines at the price they desire.
