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.
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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.
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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.
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