Pakistan International Airlines (PIA) international ticket prices could drop significantly after the International Monetary Fund (IMF) approved a waiver of the Federal Excise Duty (FED).
According to sources at the Privatization Commission (PC), the IMF granted the waiver at the request of the Pakistani government. This move could lead to substantial savings for passengers, with potential reductions of up to Rs. 350,000 on flights to the USA. Travelers to Africa and the Middle East could see fares decrease by as much as Rs. 105,000, while those flying to Europe, Australia, New Zealand, and the Far East may experience savings of up to Rs. 210,000.
It’s important to note that the FED waiver applies only to international PIA tickets. Domestic flights will continue to be subject to the Federal Excise Duty, PC officials confirmed to Nukta.
The 2024 budget had previously imposed a substantial Rs. 56 billion in additional Federal Excise Duty (FED) on air travel, a move that has now been partially addressed.
PC officials have revealed that IMF has permitted Pakistan to waive an 18% sales tax on the purchase or lease of new aircraft. To improve PIA’s financial standing, the IMF has also agreed to transfer Rs. 46 billion in negative equity associated with the airline to a holding company. This measure is expected to reduce operational costs and make PIA a more attractive prospect for potential investors.
Officials have emphasized the government’s commitment to privatizing PIA. To facilitate this, the federal government is amending regulations to allow bidders to compete for a 60% stake in the airline.
Despite the reduction in ticket cost it will still be costlier than international airlines, but who would want to risk their lives and time with PIA mismanagement.
Nope. complete boycott. Lots of delays and cancellations. Good luck with getting your money back.
shame on us even we are giving relief to our own people on the instructions of IMF.
People dying bcz of illegal immigration outside the borders is responsibility of government who could not provide them oppertunity/ emplyment which can sustain their family lives.
Hazrat umer raa said if a thirsty dog dies near the river of farat i umer raa is acceptable for that before Allah.
Now we are unaccountable and immune to any wordly or devine laws against responsibilities we carry.
Dear Sir/Madam,, PIA flights, how many percent, Ticket cheep, Pakistan to Canada,,,,,,Canada to Pakistan,
In this way, America try 25% Tariff, for all kinds of business from Canada to America, Hon. Mr Trump thing wrong, in the stating 5% Tariff OK, in future increase or screw up or screw little tight every years, otherwise with Mexico & Canada and also USA trade go slow, May be Hon. Trump not complete his 4 years term, but God better known
what is the source of your news and why the subject is only benefiting PIA whereas it will benenif all airlines operating from pakistan.