Govt Has Increased Medicine Price Upto 20% :
On Friday, Pakistan’s government gave approval for a 20% hike in the prices of medicinal products, as reported by the finance ministry. The annual inflation rate in Pakistan surged to 35% in March due to various factors such as currency devaluation, elimination of subsidies, and imposition of higher tariffs to obtain a $1.1 billion bailout from the International Monetary Fund.
The cost of food has also inflated significantly, standing at 47%. The finance ministry mentioned that the price of medicines may be reconsidered after three months if the value of the Pakistani rupee improves. However, there will be no increase in this category in the upcoming fiscal year.
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