The Drug Regulatory Authority of Pakistan (Drap) has notified a formula for maximum retail prices of Covid-19 vaccine.

According to the notification, signed by Legal Affairs Assistant Director Hafiz Bilal Bin Akbar and available with Dawn, two formulas have been approved for sale of vaccine with 40 per cent mark-up for companies and additional 15pc for retailers/hospitals.

The notification, which will be published in the extraordinary Gazette of Pakistan, Part-II, states that in exercise of powers conferred by Section 12 of the Drugs Act 1976, the federal government is pleased to provide for mechanism for fixing of maximum retail price of vaccines for Covid-19.

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