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As Pakistan trying to fulfill the International Monetary Fund’s demands, a 15% levy on airline tickets has been mooted.
The proposal to tax travelers comes as Pakistan struggles to increase its revenue to seek assistance from the International Monetary Fund (IMF).
The cost of airline tickets for Pakistani tourists is already high due to the devaluation of their currency in relation to the US dollar and the rising cost of gasoline; nevertheless, given the impending 15 percent tax, the situation appears to get worse.
Pakistan is currently experiencing a balance of payments issue and is attempting to obtain IMF funding to support its economy. The decline in foreign exchange reserves over the past year to less than $5 billion seems alarming to decision-makers.
The IMF team is in Pakistan currently to finalize a deal at the moment; a recent hike in fuel prices has also been done to increase the revenue with another hike expected to be announced soon.
If the planned tax is implemented, Pakistani visitors who choose Turkey as their honeymoon location may soon be robbed of their trip pleasure; however, a definitive decision in this regard will be made soon.
