PM inaugurates Skardu International Airport, major highway in Pakistan’s north

Pakistan Prime Minister Imran Khan inaugurates Skardu International Airport in Gilgit−Baltistan, Pakistan, on December 16, 2021. (PID)
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Updated 16 December 2021
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PM inaugurates Skardu International Airport, major highway in Pakistan’s north

  • The prime minister says Gilgit-Baltistan has huge tourism potential that can help the country earn US$30-70 billion per year
  • He promises better medical facilities to the residents of the region by issuing them health cards

SKARDU: Prime Minister Imran Khan on Thursday inaugurated Skardu International Airport along with a major road link to Juglot, a town located about 45 kilometers southeast of Gilgit, to make the country’s northern areas more accessible to local and international tourists.

Addressing a public gathering at the Municipal Polo Ground in Skardu amid sub-zero temperature, Khan said that Pakistan’s Gilgit-Baltistan region had tremendous tourism potential that could bring greater economic prosperity to its people.

“After elevating the status of the airport in Skardu by turning it into an international landing strip and building the Skardu-Juglot Highway, the region will become the hub of both national and international tourists,” he said.

The prime minister said Gilgit-Baltistan had the perfect weather for winter tourism, adding that a large number of people could visit the area for skiing since other countries in the world were “facing climate change which was reducing their span of winter season.”

“Switzerland is earning US$70 billion from its tourism sector even when it is nearly half the size of Gilgit-Baltistan,” he added. “If we develop the tourism sector wisely in this region, we will have the opportunity to earn at least US$30-70 billion per year. This region is also rich from the perspective of religious tourism.”

The Pakistani government expects greater number of people to arrive in the region to explore its natural beauty after the development of the Skardu International Airport.

It also anticipates the new highway connecting Skardu and Juglot, which was also a longstanding demand of local people, to enhance mobility within the region since it will reduce the travel time between the two places from eight to about three hours.

The prime minister said he was optimistic that the overseas Pakistanis would be the first to visit the region to spend their holidays.

“This will provide livelihood opportunities to the local residents of Gilgit Baltistan,” he said.

He added that his government would also provide health cards to the residents of the region, making it easier for them to access better medical facilities.

The prime minister maintained that his administration had taken several measures to bring Gilgit-Baltistan at par with other developed areas in the country.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.