A recent special gazette has announced a new system for setting the maximum retail price of medicines. This initiative aims to ensure transparency and fairness in pricing, taking into account the dosage form and strength of each medicine.
According to the orders issued by the minister through this gazette, the new pricing method will be implemented in two distinct ways. The prices will be determined using both international and local data and sources. This dual approach is designed to establish a fair pricing structure that reflects the diverse factors influencing medication costs globally and domestically.