Dhaka, March 19 -- Airfares, especially for flights to Saudi Arabia, have fallen by nearly 75 per cent following government intervention and the implementation of stricter regulations, the Association of Travel Agents of Bangladesh (ATAB) reported.

Between December and February, passengers faced exorbitant fares for flights from Dhaka to major Saudi cities, with prices soaring to Tk 190,000 under group booking schemes.

However, ticket prices have now dropped dramatically, with fares available as low as Tk 48,000 to Tk 50,000 following government monitoring. Some airlines are even offering tickets for Dhaka-Dammam and Dhaka-Riyadh routes at prices as low as Tk 35,000.

To curb soaring airfares and establish market discipline, the Ministr...