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Monday, April 15, 2024

US firms to invest $100 million in Pak’s tourism sector

As Pakistan’s tourism sector gets a crucial boost under incumbent government, the announcement of US firms investing millions in Pakistan’s tourism sector beams a ray of hope for development in Pakistan.

A delegation of US businessmen visiting Pakistan has announced to invest $100 million in Pakistan’s tourism sector, claimed PTI’s minister Ali Amin Gandapur.

The US delegated called on Gandapur on Thursday. The minister briefed them on various important opportunities in the tourism sector. He informed the delegates that the government is planning to develop tourist centers in different areas of Gilgit-Baltistan, including Skardu.

“Gilgit-Baltistan is a tax-free zone for the past 72 years. The cost of import here is extremely low as the region lies close to China,” Gandapur said.

He said there was everything available in the country, including meadows, deserts, rivers, and wildlife. “The region is an attraction for a large number of people,” the minister told the US investors.

He said the government is also making arrangements to build a link road from GB to Azad Kashmir with the help of the Asian Development Bank. The condition to obtain a no-objection certificate for foreigners visiting GB has also been ended, informed the minister.

The delegates inquired why an international-standard airport was not built in a beautiful place like GB. Gandapur replying to the delegation asserted that the incumbent government is planning to upgrade the Skardu airport up to international standards. He said that the government is taking emergency measures to boost tourism in the country.

Read more: Tourism Traffic: Beautiful Pakistan sees Substantial Boost in Foreign Tourists

The delegates of businessmen acknowledged Pakistan holds immense investment opportunities. Adding that they have decided to invest in Pakistan following the recent meeting between the US President Donald Trump and Pakistan’s Prime  Minister Imran Khan.

Just days ago, the Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh urged US businesses to benefit from investment opportunities available in the country, as Pakistan’s economy was on the right path to stabilization.

According to a state-run wire service, Chairman Board of Investment Zubair Gilani as saying the government had planned to invite foreign investment for establishing tourism zones in Swat, Galiat, Hazara region, Gilgit Baltistan and other tourism zones.