Pakistan Economy Thread
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Brigadier
1.75m tourists visited in 2017, says ...
Following an improvement in the security situation, tourism in Pakistan has increased by 300per cent over the past few years, it emerged on Wednesday.
According to the report, 1.75 million tourists visited Pakistan in 2017 alone. Statistics from the Pakistan Tourism Development Corporation (PTDC) show that 30pc travellers were domestic.
According to the World Travel and Tourism Council (WTTC), last year, revenue from tourism contributed around $19.4 billion to Pakistan's economy and made up 6.9pc of gross domestic product. The WTTC expects that amount to rise to $36.1 billion within a decade
Apart from an increase in annual tourism, there has been a significant increase in business travelling around the country as well.
A lot of credit for the rapid increase in tourism and travelling goes to publicity of different tourist spots through the internet.
The government has been making efforts to promote tourism and make PTDC a financially viable organisation, Managing Director PTDC Chaudhry Abdul Ghafoor told APP.
He said that PTDC and the University of Management and Technology (UMT) Lahore had signed a Memorandum of Understanding for the sponsorship of the tourism department's publicity material including banners, website, seminars, and conferences.
Products and services of PTDC will also be promoted through social media.
Recently, PTDC has also launched a Pakistan Tourism Friends Club, in which members of the club will get exclusive 20pc discount on PTDC facilities.
Following an improvement in the security situation, tourism in Pakistan has increased by 300per cent over the past few years, it emerged on Wednesday.
According to the report, 1.75 million tourists visited Pakistan in 2017 alone. Statistics from the Pakistan Tourism Development Corporation (PTDC) show that 30pc travellers were domestic.
According to the World Travel and Tourism Council (WTTC), last year, revenue from tourism contributed around $19.4 billion to Pakistan's economy and made up 6.9pc of gross domestic product. The WTTC expects that amount to rise to $36.1 billion within a decade
Apart from an increase in annual tourism, there has been a significant increase in business travelling around the country as well.
A lot of credit for the rapid increase in tourism and travelling goes to publicity of different tourist spots through the internet.
The government has been making efforts to promote tourism and make PTDC a financially viable organisation, Managing Director PTDC Chaudhry Abdul Ghafoor told APP.
He said that PTDC and the University of Management and Technology (UMT) Lahore had signed a Memorandum of Understanding for the sponsorship of the tourism department's publicity material including banners, website, seminars, and conferences.
Products and services of PTDC will also be promoted through social media.
Recently, PTDC has also launched a Pakistan Tourism Friends Club, in which members of the club will get exclusive 20pc discount on PTDC facilities.
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Brigadier
Economic Survey of 2017-18....
Pakistan registered a growth rate of 5.8% in 2017-18, the highest in the last 12 years, according to figures in the Economic Survey 2017-18.
After witnessing 2% growth in the last fiscal year, the agriculture sector this time performed better due to exceptional growth in cotton ginning and better performance of crops. The sector grew at a pace of 3.81% this year, against the government’s target of 3.5%.
The services sector, which accounts for more than half of the economy, grew by 6.43%, slightly above the target. The wholesale and retail trade posted 7.5% growth against a target of 7.2%.
Against a target of 7.3%, the output in the industrial sector stood at 5.8%. The output of large-scale manufacturing stood at 6.1%, which was below the official target while small-scale manufacturing grew to 8.2%.
Pakistan registered a growth rate of 5.8% in 2017-18, the highest in the last 12 years, according to figures in the Economic Survey 2017-18.
After witnessing 2% growth in the last fiscal year, the agriculture sector this time performed better due to exceptional growth in cotton ginning and better performance of crops. The sector grew at a pace of 3.81% this year, against the government’s target of 3.5%.
The services sector, which accounts for more than half of the economy, grew by 6.43%, slightly above the target. The wholesale and retail trade posted 7.5% growth against a target of 7.2%.
Against a target of 7.3%, the output in the industrial sector stood at 5.8%. The output of large-scale manufacturing stood at 6.1%, which was below the official target while small-scale manufacturing grew to 8.2%.
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Brigadier
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Locally assembled rise 9% to over 22,000 units []
KARACHI: Sales of locally assembled automobiles, including jeeps and light commercial vehicles, increased to 22,380 units in March 2018, up 9% compared with 20,505 units in the same month of the previous year, showed data released by the Pakistan Automotive Manufacturers Association (Pama) on Wednesday.
KARACHI: Sales of locally assembled automobiles, including jeeps and light commercial vehicles, increased to 22,380 units in March 2018, up 9% compared with 20,505 units in the same month of the previous year, showed data released by the Pakistan Automotive Manufacturers Association (Pama) on Wednesday.
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Brigadier
company opens factory in [ ]
Local tea production will help reduce Pakistan's annual $220 million tea import bill and balance of trade.
Local tea production will help reduce Pakistan's annual $220 million tea import bill and balance of trade.