Pakistan says has revamped visa policy to boost tourism, forex reserves

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President Dr Arif Alvi being presented memento during the Pakistan Tourism Summit in Islamabad on April 02, 2019 – (Photo – PID)
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Group photo of participants of the Pakistan Tourism Summit held in Islamabad on April 2, 2019. (Pakistan Tehreek-e-Insaf Twitter account)
Updated 03 April 2019
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Pakistan says has revamped visa policy to boost tourism, forex reserves

  • Foreign Minister Shah Mahmood Qureshi, senior officials address Pakistan Tourism Summit in Islamabad
  • Pakistan struggling to revive tourism industry devastated by militant violence after September 11 attacks in the United States

ISLAMABAD: The Pakistani Foreign Minister said on Tuesday the government had revamped the country’s visa policy and rationalized visa fees to attract foreign tourists from around the world and boost foreign exchange reserves.

Last month, Prime Minister Imran Khan announced a new visa policy, saying citizens of 175 countries would be able to apply for online visas and business visas would be available to 96 countries. In January, Pakistan said it would offer visas on arrival to visitors from 50 countries.

The moves are part of a larger plan to revive Pakistan’s tourism industry, devastated by militant violence after the September 11, 2001, attacks in the United States.

“Pakistan is faced with a forex reserves challenge at the moment and a quick way to generate dollars for our country is through promotion of tourism,” Foreign Minister Shah Mahmood Qureshi said in his address at the Pakistan Tourism Summit in Islamabad. “The tourism industry will also help create jobs for millions of the youth.”

He said the government was trying to create an enabling environment for private investors to build necessary infrastructure at tourist resorts, especially in the picturesque northern areas of the country.

Pakistan was last a prominent tourist destination in the 1970s when the “hippie trail” brought Western travellers through the apricot and walnut orchards of the Swat Valley and Kashmir on their way to India and Nepal.

Since then, deteriorating security and the imposition of a harsh interpretation of Islamic laws, particularly in the country’s northwestern belt, have chipped away at the number of visitors.

But law and order has improved dramatically in recent years, with militant attacks down sharply in the mainly Muslim country of 208 million people.

Qureshi said the government was also trying to revive tourism by tapping into over nine million overseas Pakistani.

“We are trying to package family vacations for Pakistani expatriates,” he said. “This way they will reconnect to their culture, history and families as well.”

Tourism currently contributes less than one percent to Pakistan’s GDP while arch-rival India’s annual tourism contribution to its $2597 billion GDP is $244 billion, or 9.4 percent.

Speaking at the tourism summit, Azad Jammu and Kashmir president Sardar Masood Khan said tourists to the scenic valley had increased from 500,000 in 2010 to 1.5 million in 2017.

“We are giving utmost priority to the up-gradation of road infrastructure, hotels, accommodation and quality food to entertain our guests,” he said.

The Azad Kashmir government has recently passed legislation to seek investments from Pakistani entrepreneurs and foreign investors.

“All AJK banks have agreed to spend at least 15 percent on the promotion of tourism and culture in the area,” he said.

Raja Yasir Humayun Sarfraz, the tourism minister for Pakistan’s largest and richest Punjab province, said his department had identified tourist locations in at least eight districts in the province that would be developed in the next five years.

“We are also coming up with a legal mechanism to encourage businessmen to invest in the tourism industry,” he added.

Qazi Israr of the Hajj Organizers Association of Pakistan said Pakistan could follow the example of Saudi Arabia, United Arab Emirates, Malaysia and Turkey, among other Muslim nations, that were earning billions of dollars annually through religious tourism.

“Pakistan is blessed with sacred religious places of Sikhs, Hindus and Buddhists, and private tour operators can play their part in their promotion,” Israr said.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.