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Tourism and its role in boosting Pakistan's economy

05:20 PM | 6 Aug, 2017
Tourism and its role in boosting Pakistan's economy
Tourism has become an important sector that has an impact on the development of the country's economy. The main benefits of tourism are income creation and generation of jobs. For many regions and countries, it is the most important source of welfare.

The ability of the national economy to benefit from tourism depends on the availability of investment to develop the necessary infrastructure and on its ability to supply the needs of tourists. It is one of the most rapidly growing industries in the world, which accounts for 10 percent of the global GDP.




"Out of the total tourists' arrivals in the world estimated at 694 million per year but Pakistan receives only 0.5 million tourists annually, a very low figure."






Out of global tourism income of $ 514 billion, the share of South Asia is $5.4 billion including Pakistan’s share of only $ 135 million i.e. 0.03 per cent of global and 2.5 per cent of South Asian share. Out of the total tourists' arrivals in the world estimated at 694 million per year but Pakistan receives only 0.5 million tourists annually, a very low figure. Even among South Asian countries, the tourist arrival in Pakistan is very low.

https://en.dailypakistan.com.pk/opinion/blog/what-is-gozest/

Tourism comprises several service activities including transportation, communication, hospitality, catering, entertainment and advertising. It is on the quality of these services that the effectiveness of tourism promotion efforts depends.




"The reality in Pakistan is not as bad as the perception of it."




Pakistan has tremendous potential for tourism by virtue of its long rich history, cultural diversity, geo-strategic position and captivating landscapes. The tourism products offered by the country can be categorized into four types:

https://en.dailypakistan.com.pk/pakistan/rediscovering-kp-gozest-aims-to-bring-tourism-back-to-pakistans-north/

Pakistan does not have a good international image. Rather there are many places where the country’s image is one of intolerance, extremism, insecurity, superstitions, and diseases. Image building is a matter of both perception and reality.

The reality in Pakistan is not as bad as the perception of it. Therefore, besides improving the tourism environment, there is a great need to erase the negative perception about the country. This is primarily the responsibility of Pakistan’s missions abroad. We need to arrange tourism promotion activities to rediscover the image of Pakistan.

The writer is a chairman at Provincial Youth Assembly. Nazim at local KP government and youth activist.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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