How much income Pakistan would generate from the Kartarpur Corridor project?
ISLAMABAD - Pakistan and India have finally signed the long-awaited Kartarpur Corridor pact, which will allow visa-free entry to Sikh pilgrims from across the border and abroad to their religious holy site in Kartarpur.
With both governments given a little over two weeks to complete the remaining work, Prime Minister Imran Khan will inaugurate the project on November 9 after the corridor will be opened for the public.
The agreement will allow a daily influx of a maximum of 5,000 Sikh pilgrims in Pakistan with a minimum service fee of USD 20 per pilgrim.
When the two figures are summed up, it shows that Pakistan will get $100,000 (Rs. 15.574 million) every day.
Since the corridor will remain open 365 days of the year, it could potentially generate a direct income of USD 36.5 million which translates to Rs. 5.55 billion per annum.
Aside from the direct income through the fees, Pakistani businesses and government will also make indirect income through the sale of merchandise, and other services and products which will add more taxes to the national treasury.