Wednesday, June 24 2026

35 changes made in Finance Bill, 2026: Airlines get sales tax exemption on aircraft import
The government has made over 35 major changes in the Finance Bill 2026 and amended Finance Bill to allow all Pakistani airlines to avail sales tax exemption on the import or lease of aircrafts and its parts from July 1, 2027. According to the amendments approved in the Finance Bill 2026 on Tuesday, a new entry in sales tax exemption schedule said, “Import or lease of aircrafts and parts thereof by any airline company registered in Pakistan. This will be effective from July 1, 2027”. Some amendments relating to the Climate Support Levy in the original Finance Bill 2026 have been dropped through amendments in the Finance Bill.
Related news categories: business economic-indicators misc transport

Monday, June 08 2026

Global airlines slash 2026 profit forecast on fuel shock from Iran war
The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins. The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of global air traffic, said in its annual report that it now expects the industry to post a combined net profit of $23 billion in 2026, well below a previous projection of about $41 billion and down from $45 billion in 2025. The downgrade underscores airlines’ exposure to geopolitical shocks and fuel volatility, even as passenger demand remains resilient, planes are flying fuller and revenues are set to rise to more than $1.1 trillion.
Related news categories: business economic-indicators misc transport