The federal Ministry of Health has issued a notification about the new prices of paracetamol. Under the new pricing, which all concerned parties agreed upon, the new price of paracetamol 500mg tablet will be Rs. 2.35, the price of paracetamol extra 500 mg will be Rs2.75 and the price of the Syrup will be Rs117.6.
After the increase in the prices, GlaxoSmithKline (GSK) Consumer Healthcare Pakistan’s (GSK) Pakistan unit is scaling back production of the painkiller Panadol.
“We appreciate the efforts of the federal government to revise the prices of Panadol Tablets, Panadol Extra Tablets and Children’s Panadol Liquid Range, which will help the company to continue to produce everyday healthcare products without gross losses,” said GSKCH on Friday.
Panadol is among the highest selling medicine brands in the country, with demand for the drug being the highest in Punjab. The medicine comes in formulations meant for infants, children and adults. A sister brand named Panadol Extend is also part of the company’s products.
Paracetamol is an OTC medicine used to treat minor or mild pains such as a headache. It is also used to bring down mild or moderate fevers.
