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FBR freezes PIA’s bank accounts for not paying FED

MM News Staff by MM News Staff
August 31, 2023

ISLAMABAD: The Federal Board of Revenue (FBR) froze 13 bank accounts of Pakistan International Airlines (PIA) due to non-payment of Federal Excise Duty (FED) worth Rs 8 billion.

FBR officials said the national carrier’s bank accounts associated with the International Air Transport Association (IATA) would also be frozen.

The FBR has decided to register a first information report (FIR) against PIA officials for not submitting the FED despite the accounts being restored last month

According to a PIA spokesperson, the freezing of the national carrier’s bank accounts would not affect its flight operations. The spokesperson said there is contact at the government level and the airline’s accounts would be restored soon.

Earlier on July 27, the FBR had frozen all bank accounts of the PIA over non-payment of taxes The accounts were restored following the settlement of issues between the FBR and PIA.

FBR officials said the PIA had not deposited the FED of Rs4 billion collected through plane tickets. The PIA faced difficulty in paying for fuel as the Pakistan State Oil (PSO) had refused to supply when its accounts were frozen last time.

 

 

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