IMF 'approves' Pakistan's conditions for PIA privatization

IMF accepts sales tax exemptions, other demands for PIA privatization - Pakistan Observer

ISLAMABAD – The International Monetary Fund (IMF) accepted the demands for sales tax exemptions and the removal of equity losses for the privatization of PIA, the sources said on Tuesday. The buyer of PIA would receive a sales tax exemption for purchasing or leasing aircraft for both national and international routes. As a result, with the sales tax exemption and the elimination of losses, the bidding price could range from 250 billion to 350 bi…

IMF approves tax exemption, other demands for PIA privatization

Islamabad: The IMF has agreed to tax exemptions and the removal of equity losses as part of the privatization of Pakistan International Airlines (PIA). According to sources, the buyer of PIA will be granted sales tax exemptions for purchasing or leasing aircraft for both national and international routes. This, along with the elimination of losses, is expected to increase the bidding price from 250 billion rupees to 350 billion rupees. PIA has a…

IMF Agrees to Pakistan’s Conditions for PIA Privatization

IMF Agrees to Pakistan’s Conditions for PIA Privatization

IMF 'approves' Pakistan's conditions for PIA privatization

The International Monetary Fund (IMF) has ‘agreed’ to Pakistan’s conditions for International Airlines (PIA) privatization, ARY News reported on Tuesday, citing sources. According to sources, the IMF has reportedly agreed to the elimination of sales tax on aircraft purchase or lease for buyers and the settlement of equity losses for PIA privatization. With the ‘approval’ of the IMF, the intended buyers will be granted sales tax exemptions for pu…

PIA cuts fares for international flights

Pakistan International Airlines (PIA) has reportedly announced a reduction in international ticket prices following the approval of a waiver on the Federal Excise Duty (FED) by the International Monetary Fund (IMF), state-run news agency APP reported, citing sources in PIA. The waiver, granted at the request of the Pakistani government, applies exclusively to international flights and is expected to result in significant fare reductions for trav…

PIA reduces international fares by upto Rs 350,000

ISLAMABAD: Pakistan International Airlines (PIA) has announced a significant reduction in international fares following the waiver of federal excise duty (FED) by the International Monetary Fund (IMF). According to sources cited by the state-run news agency, passengers flying to the United States could save up to Rs350,000 on tickets. Those traveling to Africa and the Middle East may benefit from price reductions of up to Rs105,000, while flight…