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 explores ferry shipping to boost trade with Yemen, regional markets

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Pakistan explores ferry shipping to boost trade with Yemen, regional markets

  • Pakistan commerce minister meets Yemeni envoy to discuss enhancing trade cooperation
  • Yemeni ambassador calls for reviving bilateral agreements, strengthening trade mechanisms

ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan said on Friday that his ministry is exploring the possibility of introducing ferry-based shipping services with Yemen to cut freight costs and boost bilateral, regional trade. 

Pakistan has been attempting to enhance its ferry-based services with Middle Eastern countries in recent months. Islamabad granted its first-ever ferry service license to an international operator, Sea Keepers, for routes connecting Pakistan with Iran and Gulf Cooperation Council (GCC) countries in August. Last month, Pakistan’s federal cabinet approved a ferry service to Oman from the southwestern port of Gwadar to boost trade and tourism.

Khan met Yemen’s Ambassador to Pakistan, Mohammed Motahar Alashabi, in Islamabad on Friday where both sides discussed enhancing trade and economic cooperation between the two countries.

“Jam Kamal highlighted the importance of creating efficient, low-cost logistics channels for small and medium enterprises and informed H.E. Alashabi that the ministry is examining the introduction of ferry-based small shipping services to reduce freight costs and improve turnaround time for regional trade,” the commerce ministry said. 

“Both sides expressed confidence that sustained dialogue, improved logistics, and revival of formal cooperation mechanisms will help unlock new opportunities for trade and investment between Pakistan and Yemen.”

Alashabi expressed Yemen’s desire to expand commercial engagement with Pakistan, the commerce ministry said, stressing that Yemen continues to regard Islamabad as a “trusted partner” despite logistical and regional challenges in recent years.

He said nearly 300 Yemeni students are studying in Pakistan, highlighting strong people-to-people ties and confidence in Pakistan’s educational institutions. He stressed the need to revive bilateral agreements and strengthen mechanisms to boost trade between the nations. 

Kamal said Pakistan placed a lot of emphasis on expanding trade with regional and nearby markets, adding that Pakistan’s growing entrepreneurial and SME sectors could benefit from improved access to close-proximity markets such as Yemen, Somalia, Ethiopia, and Oman.