Passengers Will Pay Airport Tax in Rupees Against Dollar
LAHORE: The Civil Aviation Authority (CAA) has announced that it would now have to settle flight fee for rupees in Pakistan, rather than USD. The directives of the Authority follow the continuing deterioration of the rupee.
Passengers were forced to settle $20 earlier and the price for global departures has now been rationalized to Rs2.800 per traveller in accordance with a CAA notice.
The authorities argued that the shift suggested was immediately introduced to prevent further inconvenience to travellers.
The Pakistani rupee declined on the Interbank Market against USD at the Rs156.8/157.3 on June 19.
On 12 May, after finalizing a loan agreement with the International Monetary Fund (IMF), the State Bank of Pakistan (SBP) recently let the rupee depreciate massively on the interbank market. Rs9.04 or 6.11% have been recorded since June 3.
The IMF called on Pakistan to stop state control of rupee and allow the currency to move voluntarily in order to discover a balance against the US dollar and other significant world currencies.