New Balakot City to be developed as a Tourist Spot, says PM Khan
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Prime Minister Imran Khan has chaired a meeting on developing New Balakot City as a tourist hub.
The PM said,” the government wants to develop new tourist resorts in hilly areas to promote tourism in Pakistan.”
“In this regard, reputed private investors in the field of tourism and hospitality are being attracted to the Public-Private Partnership (PPP) model,” he added.
The Prime Minister directed the concerned federal and provincial authorities to take all necessary measures to facilitate private investors fully.
Earlier, PM Khan was briefed that the feasibility study of the PKR 19.5 billion development project for the new Balakot City as a tourist hub had been completed by NESPAK and KPMG.
He was informed that under the proposed project 63 percent of residential plots out of the total 6,753 were reserved for allocation to the local affectees. Moreover, the remaining 2,480 residential and 575 commercial properties, besides 800 apartments, would be auctioned to create finances for the execution of the project.
When completed, the project will ease the burden on existing overloaded tourist destinations and earn more than Rs7 billion in revenue.
The meeting was attended by the Railways Minister Azam Khan Swati, the Chief Minister of Khyber Pakhtunkhwa Mahmood Khan, MNA Saleh Swati, KP Population Minister Syed Ahmed Hussain Shah, Chairman National Disaster Management Authority Lt Gen Akhtar Nawaz Satti, and senior officers concerned.
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