Pak-China Eco­nomic Cor­ri­dor and Prospects of Tourism Re­vival in Pak­istan

The Diplomatic Insight - - Special Supplement on China Pakistan Economic Corr - Iron­i­cally, govern­ment of Pak­istan has to­tally ig­nored this sec­tor and

Tourism is a di­verse sec­tor, which dur­ing the past decades, has gained the po­si­tion of a lead­ing in­dus­try in the world. De­spite oc­ca­sional shocks, tourism has shown vir­tu­ally un­in­ter­rupted growth. In­ter­na­tional tourist ar­rivals have in­creased from 25 mil­lion glob­ally in 1950 to 1.2 bil­lion in 2015. Like­wise in 2015, it brought about a di­rect re­view of US$ 1.5 tril­lion in the global econ­omy and ac­counted for 10 per­cent of global GDP. Be­ing as­so­ci­ated with mul­ti­ple sub­sec­tors like trans­porta­tion, ho­tels, restau­rants, tourist shops, travel guides, tour oper­a­tors, etc., the sec­tor en­hanc­ing the eco­nomic ac­tiv­ity and cre­at­ing em­ploy­ment op­por­tu­ni­ties in tourist ar­eas. Travel and Tourism also acts as a bridge for bring­ing peo­ple from dif­fer­ent cul­tures and tra­di­tions to­gether; and thus serves as a pow­er­ful ve­hi­cle for in­creas­ing global har­mony and peace. From the prospect of Pak­istan it can be a mas­sive source of earn­ing as our coun­try pos­sess top class tourist at­trac­tions from stun­ning Hi­malayan peaks, beau­ti­ful lakes, scenic val­leys, rich cul­ture, cen­turies old civ­i­liza­tions, vast deserts, golden beaches of Makran to all the other nat­u­ral and man­made at­trac­tions. But un­for­tu­nately Pak­istan’s tourism po­ten­tial has largely been un­tapped and no se­ri­ous at­ten­tion has been paid by con­cerned au­thor­i­ties to make it a ma­jor en­gine of eco­nomic growth for the coun­try. now Pak­istan is al­most a for­got­ten desti­na­tion on the world tourism map. Pak­istan lacks the good poli­cies and govern­ment back­ing which might help bring the tourism in­dus­try back on its feet. On top of this the tourism in­dus­try in Pak­istan has been fac­ing con­tin­ues wrath of in­sta­ble law and or­der sit­u­a­tion as a re­sult of post 9/11 wave of ter­ror­ism. The mega pro­ject of Pak-China Eco­nomic Cor­ri­dor be­tween Pak­istan and China which has been en­vis­aged as a game changer by most of our eco­nomic ex­perts also has enor­mous po­ten­tial to re­vive Pak­istan’s ail­ing tourism in­dus­try. The multi-bil­lion dol­lar joint ven­ture will in­clude road and rail link pass­ing through the mighty Karako­rum and Hi­malayas in the north­ern Pak­istan. This mod­ern road and rail link will

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