ECC Defers Summary to Increase Drug Prices, Outsourcing Airports

Mon Mar 27 2023
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday deferred summaries of the Ministry of National Health Services, Regulations and Coordination on fixation MPR of 54 new drugs and enhancing prices of about 119 drugs.

The Coordination Committee meeting, chaired by Minister for Finance and Revenue Senator Ishaq Dar, also considered a summary of the Ministry of National Health Services, Regulations and Coordination for the maximum retail price of Remdesivir 100 mg injection and decided not to enhance the price of Remdesivir 100 mg injection and the existing MRP Rs. 1892/vial shall remain fixed.

The ECC considered and approved a summary of the Ministry of Energy (Petroleum Division) regarding the arrangement of a Finance Facility for funding of Government of Baluchistan’s share of obligation in the Reko-Diq project dispute settlement with directions to the Finance Division to arrange payment of markup amounting to Rs. 6,238,358,879 for the period from March 31, 2022, to December 30, 2022, to the NBP for the short-term finance facility of Rs. 65 billion.

ECC defers outsourcing of airports

The ECC also deferred a summary of the Ministry of Aviation on the engagement of the International Finance Corporation as transaction advisor for the outsourcing of three major airports in Islamabad, Lahore, and Karachi.

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