AOOA Claims Foreign Airlines Transfer Up to $2.4 Billion Annually from Pakistan

ISLAMABAD: The Aircraft Owners and Operators Association (AOOA) has alleged that foreign airlines operating in Pakistan transfer between $2 billion and $2.4 billion out of the country each year through ticket sales processed via offshore payment gateways.

The AOOA has called on the government to initiate a comprehensive five-year forensic tax audit of all airlines operating within the country. This move aims to scrutinize the financial practices of these airlines and ensure compliance with local tax regulations. The association’s claims highlight concerns over the economic impact of such significant capital flight on Pakistan’s economy.

This alleged outflow of funds raises critical questions about the financial transparency of foreign airlines and their contributions to the local economy. If substantiated, these claims could lead to increased scrutiny from regulatory bodies and potentially prompt changes in how foreign airlines operate in Pakistan.

The AOOA’s request for a forensic audit is expected to gain traction among policymakers, with discussions likely to take place in upcoming government meetings. Stakeholders are keen to see how the government responds to these allegations and whether any regulatory changes will be implemented to address the concerns raised.