*ISLAMABAD – **Pakistan government takes yet another initiative overpromotion of Tourism sector in the country.*
*Pakistan has decided to offer tax holiday for foreign investments intourism sector in a bid to attract Foreign Direct Investment (FDI). *ChairmanBoard of Investment Zubair Gilani as saying that the government has plannedto invite foreign investment for establishing tourism zones in Swat,Galiat, Hazara region, Gilgit Baltistan and other tourism zones.
He said huge foreign investment is expected in tourism sector as thegovernment is focusing on building this sector on a priority basis.
The Chairman said the government intends to diversify tourism by exploitingits various sectors, including religious, adventure, medical and education,to promote soft image of the country at international level.
He said the government would ensure provision of all modern facilities totourists to provide them an enjoyable and secure environment.
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Asian Development Bank (ADB) in its report on the country’s economy on Sept25 had said foreign investments in Pakistan will likely to enhance in thenext fiscal year.
Foreign investors’ confidence over the economy of the country has restoredto a larger extent after approval of a bailout package by the InternationalMonetary Fund (IMF) for Pakistan, ADB report said.
