Role of Gilgit in Pak Economy

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       ROLE OF GILGIT IN PAK ECONOMY

Gilgit is situated at the north of Pakistan. It is the hometown of beauty, various cultures and numerous languages. Gilgit region has been given many names, like Jewel of Pakistan, Asia’s wonderland and Roof of the world. It is considered to be paradise when it comes to explaining the beauty of this region. 

       Strategically speaking, Gilgit is one of the most important regions of Pakistan as it borders the territory of Azad Kashmir to the south, the Province of Khyber Pakhtunkhwa to the west, the Wakhan Corridor of Afghanistan to the north, China to the east and northeast and the Jammu and Kashmir state of India to 
the southeast. It is only 15 km away from Central Asia. 

However, despite the efforts of the local government of Gilgit-Baltistan to officially become a part of Pakistan as its 5th Province, the Pakistani Government has put in little or no efforts to declare this region Pakistan’s official Province. Gilgit play a vital role in economy of
Pakistan as its mountains are full of minerals and precious stones. These are the main source of economy but unfortunately Pakistan cannot get benefit as much as it should. K2 is the second-highest mountain on Earth. It is located in the Karakoram segment of the Himalayan range, on the border between the Gilgit-Baltistan region of Pakistan and the
Taxkorgan of Xinjiang, China.  

                                 However, those who climb K2 acquire entry via Pakistan as the Chinese side is inaccessible. These mountains, historical places (Gilgit Bridge is just above the river of Gilgit and is the largest bridge on a river in the continent of Asia. Kargah Buddhar), and natural beauty attract the tourist and increase the economy of Pakistan. 

 According to a statistical report by Pakistan Association of Tourism, on average more than 20 thousand tourists visited Gilgit Baltistan before 9/11. According to a rough estimation, a single tourist used to spend 3 thousand dollars which roughly makes one fifty thousand PKR as that time the currency value was 50 PKR, therefore it would be a total amount of 3 million PKR, this is about the casual visits. As for as mountaineers are concerned, they spend almost 8 thousand dollars, which is doubled accordingly.

  Wild animals are also found in Gilgit and to get permission to hunt this animal tourists submit a large amount of money to the government. Dry fruits are available in large scale so dry fruits are exported from this area. 

      Glaciers of Karakoram are source of fresh water which irrigate the arid downstream areas of Pakistan through Indus river. Gilgit play a significant role in the economy of Pakistan through tourism (due to its beauty and K2
the second highest mountain), minerals, precious stones and exports of fresh and dry fruit as well as the trade route between Pakistan and China. A lot of good
silk is available in the area at extremely inexpensive rate.

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