LAHORE MIRROR (Monitoring Desk)– As the PTI-led federal government gave nod on Friday, the Drug Regulatory Authority of Pakistan (Drap) announced a 15 percent increase in the prices of medicines.

According to a notification, nine percent hike has been approved for life saving drugs while 15 percent on all other medicines.

“The revised maximum retail prices shall be printed on the label in the manner prescribed by the Drugs [Labelling and Packaging] Rules, 1986 and the manufacturers and importers of drugs shall furnish calculations of revised maximum retail price of drugs to the Division of Costing and Pricing of the Drug Regulatory Authority of Pakistan before affecting the increase,” says the notification.