Peshawar: According to press reports, the Khyber Pakhtunkhwa (KP) administration announced on Wednesday (October 13) that it plans to offer a 5- to 10-year tax vacation to encourage investment in the province’s tourism industry. The Ministry of Finance and the Ministry of National Revenue have also been asked to respond to this.
According to reports, investors will be eligible for a tax break if they create tourism infrastructure or four-star international standard hotels in the proposed Integrated Tourism Zones (ITZs).
In response to the government’s offer, the AJM Planning and Urban Design Business (APUDG), a Malaysian hotel group, has suggested developing four tourist-specific zones in the province to increase tourism and attract more people from across the world.
Norliza Hashim, the business’s Managing Director (MD), said the company has developed a master plan for four tourism zones: Mankial (Swat), Thandiani (Abbottabad), Ganol (Mansehra), and Madaklasht (Lower Chitral). The planned plan includes the development of tourist attractions, as well as a road network and the construction of a 428-room hotel and a tourist resort in the Thandiani Integrated Tourism Zone.