Pakistan’s tourism industry to receive a $100mn boost from US investors

ISLAMABAD: A delegation of US investors has announced during their recent visit to Pakistan that they will invest $100 million in the country’s tourism sector.
The announcement was made on Thursday during a meeting between the delegation of US investors and Federal Minister for Kashmir Affairs and Gilgit-Baltistan Ali Amin Gandapur. It is reported that the US delegation said that their decision to invest in Pakistan was influenced by the meeting of Prime Minister Imran Khan and US President Trump held back in July.
The delegation was briefed about the possible investment opportunities in the country by the Minister Gandapur and apprised them of the decision to set up tourism centres in Gilgit-Baltistan, Skardu and other areas.
Gandapur also announced that the compulsion of getting a non-objection certificate (NOC) for foreign tourists in Gilgit-Baltistan has also been waived.
Just days ago, the Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh urged the US businesses to benefit from investment opportunities available in the country, as Pakistan’s economy is stabilising.
He made this statement while attending a roundtable discussion with senior executives of the US-Pakistan Business Council (USPBC) at the US Chamber of Commerce.
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