Pakistan Eid tourism surged by over 360 percent amid easing inflation — provincial data

Visitors gather on a riverside in Naran valley, in Mansehra District of Khyber Pakhtunkhwa province on June 28, 2021. (AFP/File)
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Updated 15 April 2024
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Pakistan Eid tourism surged by over 360 percent amid easing inflation — provincial data

  • Inflation in Pakistan fell to 20.7 percent in March, the country’s lowest in 23 months, data showed
  • Khyber Pakhtunkhwa’s Galiyat area saw highest number of tourists, 237,500, from April 10-14 last week

ISLAMABAD: Eid tourism in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province surged by over 360 percent this year, with over 580,000 tourists visiting the area’s scenic spots during the five-day holidays last week, data released by the provincial tourism authority on Monday showed, as inflation eases in the economically troubled country. 

Poor weather conditions and soaring inflation led to a staggering 74 percent decline in the number of tourists that visited KP last year during the Eid holidays, as per official figures, when over 125,000 tourists visited the province. The northwestern province is home to many picturesque locations and scenic spots such as Swat Valley, Malam Jabba, Abbottabad, Kaghan, and Shogran that Pakistanis from all over the country visit during the Eid holidays. 

As per figures shared by the Khyber Pakhtunkhwa Integrated Tourism Development Project (KITE), a provincial initiative by the provincial government to develop tourism in KP, 583,452 tourists in total visited the province from April 10-14. 

“Khyber Pakhtunkhwa’s tourist spots remained tourists’ first priority during Eid holidays,” the KP Culture and Tourism Authority said in a statement. “During the five days [April 10-14], over 583,000 tourists visited the tourist spots of Khyber Pakhtunkhwa.”

According to a breakdown shared by KITE, Galiyat saw the highest number of visitors with over 237,500 visiting the area during the five days while 151,900 visited Malam Jabba. As many as 92,470 tourists visited Kumrat Valley while 77,372 toured Naran and Kaghan areas, the data showed. 

Pakistan’s inflation last year peaked at 36.4 percent during April 2023 while food inflation surged to 49.1 percent. The South Asian country’s inflation outpaced price gains even in Sri Lanka as its currency depreciated and Pakistan hiked fuel and energy prices to comply with the International Monetary Fund (IMF). 

In March 2024, however, Pakistan’s inflation rate measured by the Consumer Price Index (CPI) fell to 20.7 percent, its lowest in 23 months. However, the country continues to face significant financial challenges, with dwindling foreign exchange reserves and a weak national currency.


Pakistan, Indonesia agree to establish joint trade committee to deepen economic partnership

Updated 10 January 2026
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Pakistan, Indonesia agree to establish joint trade committee to deepen economic partnership

  • Both countries last month signed seven agreements to deepen cooperation in trade, higher education, halal certification and health
  • Pakistan intends to organize a Single-Country Exhibition and Business Forum in Jakarta, with invitations extended to ASEAN members

KARACHI: Pakistan and Indonesia further strengthened their economic partnership with the signing of a Memorandum of Understanding (MoU) on the establishment of the Indonesia–Pakistan Joint Trade Committee (JTC) to enhance dialogue, facilitate cooperation and jointly address opportunities and challenges in bilateral trade, the Pakistani commerce ministry said on Saturday.

The development comes a month after both countries signed seven memoranda of understanding to deepen cooperation in trade, higher education, halal certification and health during Indonesian President Prabowo Subianto’s two-day visit to Islamabad.

The MoU was signed following successful high-level talks led by Commerce Minister Jam Kamal Khan and visiting Indonesian Vice Minister of Trade Ms. Dyah Roro Esty Widya Putri, reflecting a shared commitment to deepening economic ties.

Khan underscored Indonesia’s strategic importance within the Association of Southeast Asian Nations (ASEAN) and highlighting its potential role as a regional hub for fostering trilateral and regional economic cooperation.

“Pakistan could serve as a reliable source for minerals, cosmetics, pharmaceuticals, and agri-food commodities for the Indonesian market,” he was quoted as saying.

Last month, Prime Minister Shehbaz Sharif said Pakistan’s bilateral trade with Indonesia stood at $4.5 billion, with more than 90 percent of it comprising palm oil imports from Indonesia. He said both sides discussed “corrective measures” to balance this trade during President Subianto’s visit to Islamabad.

Commerce Minister Khan conveyed Pakistan’s intention to organize a Single-Country Exhibition and Business Forum in Jakarta, with invitations to be extended to ASEAN member states aimed at showcasing Pakistani products and strengthening regional business linkages, according to the commerce ministry.

The Trade Development Authority of Pakistan (TDAP) sought Indonesian facilitation for the early announcement of fruit import quotas, rationalization of certification requirements for Pakistani exports, notification of rice import quotas, and improved market access for industrial-grade potatoes from Pakistan.

“Both sides agreed to work jointly toward expanding the existing Preferential Trade Agreement (PTA), with the shared objective of progressing toward a Comprehensive Economic Partnership Agreement (CEPA) to unlock greater trade and investment opportunities,” the commerce ministry added.