Islamabad June 13 2022: Economic Coordination Committee was informed that Pakistan International Airline Corporation Limited (PIACL) is going to induct four (04) A320 Aircrafts on dry lease basis for the period of 72 months.
Due to financial constraints, PIACL is not in a position to pay GST on the total rental value in lump sum. The ECC after considering incoming Haj 2022 and financial constraints of PIACL approved payment of GST @ 17 % i.e Rs. 1.596 billion approximately on total rental value of Rs. 9.388 billion of four (04) A320 leased aircrafts on monthly installments over the lease term starting from the date of arrival of aircrafts, including 01 already arrived.
Federal Minister for Finance and Revenue Mr. Miftah Ismail presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division, today. Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Division Mr. Musadik Masood Malik, Federal Secretaries, Chairman FBR, Chairman OGRA and senior officers attended the meeting.
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