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Investor Presentaiton

FINANCING SUSTAINABLE TOURISM IN KHYBER PAKHTUNKHWA The revenue and tax collection in the province is done by KPRA and the Estate and Excise Departments. Sales tax on services, property tax and excise taxes are collected and deposited in a central provincial fund managed by the Finance Department. There is no institutional mechanism which would allow hypothecation or ring-fencing of tax revenue collected from tourist areas for tourism development. The only institutional mechanism by which ring-fencing can be done is through KPCTA and the Development Authorities. As GDA is the oldest authority, it can potentially serve as a model for KDA and the upcoming Upper Swat Development Authority. GDA collects property tax, conservancy charges, water tax and toll tax - this money is spent on tourism related projects and infrastructural development in the Galliyat. The GDA model, therefore, is the closest to ring- fencing albeit without one critical ingredient - formalised local community and stakeholder participation in the decision-making process. Therefore, given this context, the central recommendations, and areas of further work in order of priority are: Streamline institutional structures to reduce jurisdictional overlaps: The first-best and perhaps the most challenging recommendation to implement would be to minimize overlaps of the various tourism related departments and authorities in KP; clear delineation of mandate and jurisdiction of each department/authority and simplifying regulations and tax liabilities for tourism related businesses and investment. At the same time, greater information, cooperation, and coordination across depart- ments is required to encourage private investment and reduce roadblocks in the form of unexpected regulations or approvals from different departments. Also, jurisdictional clarity and improved inter departmental coordination will avoid multiplicity of taxes, duplication of development programs, multiple and redundant regulations, and wastage of resources. Therefore, an area of future work could be a comprehensive mapping and review of tourism and revenue related government departments in KP to see where exactly overlaps exist in administrative function and regulations. Moreover, as the revenue and expenditure jurisdiction of development authorities, such as the Galiyat Development Authority (GDA), is extensive and covers the main tourist areas of KP, a thorough assessment of their performance, capacity and capability of using locally generated revenues for infrastructure development and service delivery needs to be undertaken. Institutionalise stakeholder input in development authorities: In the absence of local body/government jurisdiction on tourism and with multiplicity of government departments in the tourism domain, a second-best solution is to insti- tutionalize stakeholder and community voice into the structure of the tourism and develop- ment authorities. This would ensure that the decision of spending locally collected revenues by the respective authorities is reflective of the preferences of the local stakeholders and is thus less ad-hoc. It will also create stakes for the private sector and the local community in the authority, increasing willingness to pay taxes and fees etc. for specific projects and services related to tourism. For that, it is recommended that development authorities such as GDA have formal working committees of the Board, with private sector stakeholder participation to prioritize tourism related infrastructure and service delivery projects. 08
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