PIA reduces fares on international flights following waiver on Federal Excise Duty
Pakistan International Airlines (PIA) has announced a reduction in its international ticket prices following the approval of a waiver on the Federal Excise Duty (FED) by the International Monetary Fund (IMF). This waiver is expected to lead to significant savings for travelers.
According to PIA local chapter sources, the waiver was granted at the request of the Pakistani government and will provide substantial cost reductions for passengers. Those flying to the USA could save up to Rs350,000, while travelers to Africa and the Middle East might see their ticket prices drop by up to Rs105,000. Flights to Europe, Australia, New Zealand, and the Far East may offer savings of up to Rs210,000.
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It is important to note that the FED waiver applies only to international flights, with domestic air travel still subject to the duty, as confirmed by PIA officials.
The 2024 federal budget had imposed an additional Rs56 billion in FED on air travel, a burden partially eased by this new development. Additionally, the IMF has approved an 18% sales tax exemption for the purchase or lease of new aircraft.
Source:
APP