The announcement was made by Senator Ishaq Dar during a Senate session held to discuss PIA's privatisation.
The new prices will come into effect Jan 15 midnight
The decision was finalized in a board of directors meeting chaired by Secretary Aviation Ahsan Mangi.
To bolster domestic tax compliance, the FBR also sought data from various countries on 17 occasions.
The proceedings were subsequently adjourned until January 13.
On Tuesday, the KSE-100 index shed 1,840.96 points, or 1.58%, and closed at 116,052.68.
Karachi retained its position as the top tax contributor in Pakistan.
By afternoon, the bearish sentiment prevailed, leading to a loss of 1,645 points.
Cumulatively, the country experienced 9,735 disruptions that severely impacted 82.9 million users.
Globally, gold prices also experienced a surge in the bullion market
A total of 289.96 million shares have been traded.
Dialogue Pakistan wishes the nation a happy new year.
Key drivers included economic recovery, easing geopolitical tensions, and positive actions towards a business-friendly monetary policy.
This reduction follows a sharp rise in prices on Thursday
The market went up to 1,230 points at 11:03 AM
According to a private media report, the Privatization Commission formally announced the increase for the officials and staff members of PIA on Thursday.
Last week the investors had to bear Rs690 billion loss.
Globally, gold prices stayed at $2,622 per ounce
The PBF also demanded the government to take measures to stabilise the rupee.
