Pakistan hikes drug prices by up to 20% amid soaring inflation

PM Shehbaz Sharif-led Pakistan government has approved a rise of up to 20% in retail prices of general medicines and 14% for essential ones amid soaring inflation in the country. However, the Pakistan Pharmaceutical Manufacturers' Association criticised the price hike, saying that it was way lower than PPMA had expected. Notably, Pakistan recorded the highest-ever inflation of 35.37% in March.