Posted inBusiness

Excise duty: FED challenges growth and development objectives

ISLAMABAD: While buying an Economy Class return ticket for Islamabad to Karachi, each passenger has to pay Rs5,000 in federal excise duty (FED) on top of the fare besides embarkation tax, airport tax, security fee and advance tax. It certainly makes air travel very expensive considering the current position of socio-economic development in the country. […]

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