A group of US-based investors is currently visiting Pakistan to explore potential investment opportunities in different sectors.
The group called upon Federal Minister for Kashmir Affairs and Gilgit-Baltistan Ali Amin Gandapur today. During the meeting, they announced that they intend to invest $100 million in the tourism sector of Pakistan.
Pakistan is blessed with scenic landscapes complemented by four kinds of weather, enough to attract a large number of tourists. However, lack of infrastructure and world-class facilities in and around tourist destinations impedes Pakistan’s growth in the tourism sector.
The investment will help build infrastructure, establish high-class tourism centers in Gilgit-Baltistan and other parts of the country.
The incumbent government has undertaken several initiatives to boost tourism in the country. In this regard, the government introduced an E-visa policy for 175 countries and visa on arrival policy for 50 more. The condition on foreign tourists to obtain a no-objection certificate (NOC) before visiting a tourist destination has been removed as well.
Besides, Pakistan has received plenty of endorsement from foreign travel enthusiasts encouraging more and more people to visit Pakistan. Portugal declared Pakistan a safe tourist destination for its citizens. Forbes included Pakistan in its “10 coolest places to go in 2019” list.
Prime Minister Imran Khan visited the USA in July this year. During the visit, PM Khan held meetings with representatives of different corporations and apprised them about Pakistan’s economic potential. The visit played a key part in restoring the confidence of investors as foreign investment in Pakistan has seen a significant increase in recent months.
Via: Business Recorder