What is the future of tourism in Pakistan?

According to the World Travel and Tourism Council, the direct contribution of travel and tourism to Pakistan’s GDP in 2016 was US$7.6 billion (PKR 793.0 billion), constituting 2.7\% of the total GDP. By 2025, the government predicts tourism will contribute ₨1 trillion (US$6.2 billion) to the Pakistani economy.

How can Pakistan benefit from CPEC?

CPEC is expected to further strengthen trade and economic cooperation in regional states. This study revealed that CPEC has important impacts on the regional state’s trade and energy security. It will create economic security for Pakistan more as compared to the energy and other issues.

Why is tourism important to Pakistan?

Tourism in Pakistan has potential, the tourist travels are in the continuous line that about 42 million domestic visitors traveled with in the country in 2005. Tourism industry has played a significant role in the socio-economic development, and has promising future and growth potential in the country.

Why is capital important for the development of tourism?

Financial capital is an important element of capacity building for tourism development, wealth creation and poverty reduction in developing countries including Africa. All three are pre-requisites to sustainable tourism development. Financial capital is regarded as an integrated element of capacity building.

What is the importance of Cpec?

CPEC is intended to rapidly upgrade Pakistan’s required infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.

What are the impact of tourism industry on Pakistan?

In 2019, the total contribution of travel and tourism to Pakistan’s gross domestic product (GDP) was 5.7 percent, Managing Director of the Pakistan Tourism Development Corporation (PTDC) Aftab-ur-Rehman Rana told Xinhua, adding that in 2020 when the pandemic hit the world, the total contribution to the country’s GDP …