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World Tourism Day – Sep 27

World Tourism Day – Sep 27

UN: Every year, the World Tourism Day is observed on September 27 worldwide. The major purpose behind celebrating this day is to spread awareness about the importance of tourism and its impact on our society. The day was established by the United Nations World Tourism Organisation (UNWTO). The theme of World Tourism Day 2023 is “Tourism and green investment.” The day brings happiness to the life of the people as it provides the joy of discovering the world.

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The significance of World Tourism Day 2023 is that it intends to raise awareness of the role of tourism within the international community and to determine how it affects social, cultural, political, and economic values worldwide. It is pertinent to mention that tourism plays a major role in enhancing a country’s economy and its image worldwide. There are numerous social advantages of tourism, determining positive social impacts. These benefits include:

  • Preservation of culture
  • Strengthening communities
  • Provision of social services
  • Commercialization of culture and art
  • Revitalization of customs and art forms

World Tourism Day is celebrated around the world. Each year, different countries take pride in hosting the World Tourism Day event. Also, the day has different themes every year with the aim of promoting tourism and its advantages.

Below is the brief history of World Tourism Day with its Themes and Host Country:

Year Host Country Theme
2023  Saudi Arabia Tourism and Green Investments
2022  Indonesia Rethinking Tourism
2021  Ivory Coast Tourism for Inclusive Growth
2020 Mercosur

Chile (Member associate)

Tourism and rural development
2019  India Tourism and jobs: a better future for all
2018  Hungary Tourism and the digital transformation
2017  Qatar Sustainable tourism – a tool for development
2016  Thailand Tourism for all – promoting universal accessibility
2015  Burkina Faso 1 billion tourists, 1 billion opportunities
2014  Mexico Tourism and community development
2013  Maldives Tourism and water: protecting our common future
2012  Spain Tourism & sustainable energy: powering sustainable development
2011  Egypt Tourism – linking cultures
2010  China Tourism and Biodiversity
2009  Ghana Tourism – celebrating diversity
2008  Peru Tourism: responding to the challenge of climate change
2007  Sri Lanka Tourism opens doors for women
2006  Portugal Tourism Enriches
2005  Qatar Travel and transport: from the imaginary of Jules Verne to the reality of the 21st century
2004  Malaysia Sport and tourism: two living forces for mutual understanding, culture and the development of societies
2003  Algeria Tourism: a driving force for poverty alleviation, job creation and social harmony
2002  Costa Rica Ecotourism, the key to sustainable development
2001  Iran Tourism: a tool for peace and dialogue among civilizations
2000  Germany Technology and nature: two challenges for tourism at the dawn of the twenty-first century
1999  Chile Tourism: preserving world heritage for the new millennium
1998  Mexico Public-private sector partnership: the key to tourism development and promotion
1997 Tourism: a leading activity of the twenty-first century for job creation and environmental protection
1996 Tourism: a factor of tolerance and peace
1995 WTO: serving world tourism for twenty years
1994 Quality staff, quality tourism
1993 Tourism development and environmental protection: towards a lasting harmony
1992 Tourism: a factor of growing social and economic solidarity and of encounter between people
1991 Communication, information, and education: powerlines of tourism development
1990 Tourism: an unrecognized industry, a service to be released
1989 The free movement of tourists creates one world
1988 Tourism: education for all
1987 Tourism for development
1986 Tourism: a vital force for world peace
1985 Youth Tourism: cultural and historical heritage for peace and friendship
1984 Tourism for international understanding, peace and cooperation
1983 Travel and holidays are a right but also a responsibility for all
1982 Pride in travel: good guests and good hosts
1981 Tourism and the quality of life
1980 Tourism’s contribution to the preservation of cultural heritage and to peace and mutual understanding

Below are the top 10 most visited tourist attractions in the world:

1: Eiffel Tower, Paris

Eiffel Tower, Paris

2: The Colosseum, Rome

The Colosseum, Rome

3: Statue of Liberty, New York City

Statue of Liberty, New York City

4: Machu Picchu, Peru

Machu Picchu, Peru

5: The Acropolis, Athens

The Acropolis, Athens

6: The Taj Mahal, India

The Taj Mahal, India

7: Pyramids of Giza, Egypt

Pyramids of Giza, Egypt

8: Great Wall of China

Great Wall of China

9: Angkor Wat, Cambodia

Angkor Wat, Cambodia

10: Petra, Jordan

Petra, Jordan

Below are the phenomenal tourism destinations in Pakistan:

Tourism Destinations in Pakistan:

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FBR Unearths Massive Rs. 214.8 bn Sales Tax Fraud

FBR Unearths Massive Rs. 214.8 bn Sales Tax Fraud

Karachi: According to the Directorate of Internal Audit IR, Karachi has unearthed a large sales tax scam carried out by a “Shell” company. As a result, the government has suffered an incredible loss of Rs. 314.81 billion. According to the information, the fraudulent entity was operated entirely on paper and manipulated the sales tax system in a scandal that threatens to have huge consequences. The fraud company was entirely built to scam and make fictitious entities with no genuine physical operations.

The Directorate conducted an investigation that revealed shocking results, as the shell company was fully built to scam people. The company holds a fictitious entity with no genuine physical operations or any physical movement of goods on either side of its operations.

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Looking at the country’s initial state, the company initially dealt with iron, steel, and food products. In April of 2023, it was involved in false transactions worth Rs. 1,748.96 billion, thus comprising a surprising tax amount of Rs. 314.81 billion.

The investigation was started considering that most of these fictitious purchases came from two businesses. According to section 2(37) of the Sales Tax Act of 1990, this tax dodging caused the national exchequer to suffer a staggering loss of Rs. 314.81 billion.

For more news, visit Sky Marketing.


FBR Urged to Extend Income Tax Return Deadline

FBR Urged to Extend Income Tax Return Deadline

Peshawar: As per the latest updates, the Business Community, Tax Bar Associations, Tax Advisers, Chartered Accountant Firms, and Tax Experts approached the Federal Board of Revenue (FBR) to extend the date till January 31, 2024, due to technical and financial issues. The Karachi Tax Bar Association has informed FBR about a new IT glitch in IRIS (an online portal where the income tax return is filed) that stops users from responding to notices. Following this issue, in a joint statement, they requested a two-month time to submit their tax returns easily.

Provincial president of Markazi Tanzeem e Tajiran, Malik Meher Ali, and Provincial President of Traders Alliance Federation, Ghulam Bilal Javed, requested the Federal Government to extend the deadline for filing tax returns from September 30, 2023, to January 31, 2024.

Read More: FBR, Provincial Government to Determine Immovable Properties Value in (FY) 2023-24

They said business communities are highly affected by the country’s economic distress and higher inflation rates. The bad impact on business activities made it difficult for them to earn revenue and submit their tax return within the due date.

Moreover, they explained that the majority of businessmen and traders are taxpayers and want to submit their tax returns for their own benefit. Still, they could not do so due to economic contraction and financial crisis in the country.

Read More: FBR: Agricultural Properties Will Not Bear Taxes

The provincial presidents also highlighted that the FBR had already revised the Income Tax Rules 2002. According to those amendments, the authority was drafting an income tax return form in Urdu, which is meant to improve the tax system and facilitate taxpayers but is yet to be notified.

They said that the Urdu Return Form should also apply to the 2022 Tax Year, though it would take time to understand the document. They also expressed their fear that the business community would be unable to file tax returns till October 31 due to reasons explained to FBR.

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Federal Decides 50% Share from Provinces on PSDP Projects

Federal Decides 50% Share from Provinces on PSDP Projects

Islamabad: According to sources, the Federal Government has decided to make it obligatory for provinces to share 50% of the total cost of Provincial Nature Projects in the Public Sector Development Program (PDSP). The Government took this decision in a high-level meeting led by the Caretaker Prime Minister, Anwar ul Haq Kakar, who issued orders to various departments and staff to prepare paperwork for the National Economic Council (NEC) for 50/50 financing of Provincial Nature Projects in PSDP, Benazir Income Support Fund (BISP), subsidy on fertilizer and agricultural tube-wells and various other projects.

The Secretary of Planning, Development, and Special Initiatives (PD&SI), Finance, Poverty Alleviation, Secretary of Industries and Production, and Chairman of the Higher Education Commission (HEC) attended the meeting to discuss ways to share 50% of the costs.

The Finance Division has also been issued orders to start technical work on the National Finance Commission (NFC) award considering the new census, implying that provinces’ uncontrolled funding will now be checked on some conditions emphasizing transparency.

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The Ministry of Planning, Development, and Special Initiatives M/s PD&SI has also sped up its process with respect to the limitation of PSDP of provinces. The M/s PD&SI has authorized Rs. 135.41 Billion (14.3%), including Rs. 5.66 billion Foreign Exchange Component, in July and August 2023-24 against Rs. 950 Billion total budget allocated for the PSDP.

The Deputy Chairman Planning Commission (DCPC) has also directed to carry out a full-year review of PSDP 2022-23 concerned members of the Planning Commission and complete the exercise. Then, any problematic projects will be reviewed by DCPC next week starting from September 25, 2023.

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On suggestions of the Annual Plan Coordination Committee (APCC) held on May 28, 2021, the NEC, in its meeting held on June 7, 2021, has approved a policy to sponsor provincial projects which include Federal/ PSDP funding with cover for only:

  1. Capital Investment
  2. Original approved cost.
  3. Projects located in deprived areas

Any change due to any other reason in cost would be the responsibility of Provincial Governments. On the other hand, the provincial governments would be responsible to:

  1. Take over the projects on completion immediately
  2. Bear the cost of land acquisition, resettlement, provincial taxes, and cost of the Project Management Unit (PMU)
  3. In the case of irrigation projects, provincial governments would simultaneously develop command areas to benefit from the project fully.

Moreover, the projects which are selected for financing by the federal Government obeying to the policy would be approved by the competent forum.

It has been observed that following the economic distress and financing of big projects of national importance by the Federal Government, it is impossible to finance Provincial Projects unless Provincial Governments also share the costs. This will help to foster the PDSP in the country.

On the subject of subsidy on fertilizers, the sources said on several occasions, the provinces have been directed to share 50% of the subsidy on urea. Still, some have refused to contribute their share, while others showed reluctance. This attitude of provinces has irritated the Government.

Similarly, some political parties, like the Pakistan People’s Party (PPP), use BISP for their gains during elections. Still, the provincial Government does not share costs, and the Federal Government reimburses the loans/ finances obtained from International Financial Institutions.

On this subject, Caretaker Finance Minister Dr. Shamshad Akhtar has announced that she will meet with the Minister for Planning, Development, and Special Initiatives to review the unnecessary projects initiated by the previous Government to rationalize PDSP.

For more information, visit Sky Marketing.


NESPAK Secures Landmark NEOM Project in Saudi Arabia

NESPAK Secures Landmark NEOM Project in Saudi Arabia

Lahore: The Acting Managing Director of NESPAK, Zargham Eshaq Khan, announced that NESPAK, Pakistan’s Premier Engineering Consultancy, has reached another milestone by becoming the first Pakistani firm to secure the NEOM project in Saudi Arabia. The NEOM project focuses on the energy sector and has been awarded by the Saudi Electric Company (SEC). NEOM initiative is a part of the Vision 2030 Reform Plan of Saudi Crown Prince HRH Muhammad Bin Salman. The NEOM project budget is around 46.5 million Saudi Riyals, equal to 3.794 billion Pak Rupees, and will be completed within three years.

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NESPAK is one of the leading engineering companies in Pakistan. The firm takes pride in providing prime construction management services for Extra High Voltage (EHV), High Voltage (HV), and HVDC projects. These services are offered to various zones, including NEOM Bay, NEOM Mountain, and NEOM Phase II.

In addition, this iconic development aims to expand the state’s oil-based economy to larger extent. The project also focuses on transforming society and producing a strong and flexible economy that will meet the challenges of the modern world.

NEOM project design contains many regions, featuring a floating industrial complex, a global trading hub, lavish resorts, and a modern city powered by renewable and sustainable energy sources. We hope the developments prove to be a good initiative for the Saudi government.

For more information, visit Sky Marketing.


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