The Federal Board of Revenue (FBR) has started serving notices on private and foreign airlines for the recovery of unpaid Federal Excise Duty (FED), which totals some Rs 2.3 billion deducted from international travellers. FED rates are fixed at Rs 3,840 for economy class and Rs 6840 for club class a...
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Kingfisher seeks $365 million to reduce debt
By
Dino D'Amore
1st September 2010