Pak to earn Rs 258 cr per annum from Kartarpur pilgrims

Image
Press Trust of India New Delhi
Last Updated : Oct 21 2019 | 5:55 PM IST

Pakistan is expected to earn up to Indian Rs 258 crore per annum -- about Pakistani Rs 571 crore -- from pilgrims visiting Darbar Sahib in Kartarpur, the final resting place of founder of Sikhism Shri Guru Nanak Dev, officials said on Monday.

The service fee from the pilgrims will be another source of foreign currency generation for Pakistan, which is already reeling under severe financial crisis, a government official said.

Since 5,000 pilgrims are allowed to visit the gurdwara Darbar Saheb Kartarpur, Pakistan, which will be charging USD 20 service fee per pilgrim, will earn USD 1,00,000 every day.

With Monday's rate of Indian Rs 70.95 for one USD, Pakistan will earn Indian Rs 70.95 lakh every day.

As the rate of Pakistani currency is Rs 156.46 for one USD, the per day earning will be Rs 1.56 crore (Pakistani rupees).

Since the pilgrimage will be allowed all 365 days in a year, Pakistan will earn USD 3,65,00,000.

The amount will be Indian Rs 258 crore andPakistani Rs 571 crore.

Though India decided to sign a pact with Pakistan on October 23 for ensuring smooth travel of pilgrims through the Kartarpur corridor, it has asked Islamabad to review the decision to charge the fee in future.

Last month, India and Pakistan agreed on visa-free travel of Indian pilgrims to Gurudwara Darbar Sahib using the Kartarpur corridor.

Pilgrims will only have to carry their passports to visit the revered gurdwara in Pakistan.

Persons of Indian origin holding OCI (Overseas Citizenship of India) card too can visit the Gurdwara using the Kartarpur corridor.

It was also decided that 5,000 pilgrims can visit the shrine everyday and that additional pilgrims will be allowed on special occasions, subject to capacity expansion of facilities by Pakistan side.

India and Pakistan have also decided that the corridor will be operational throughout the year and seven days a week and that pilgrims will have a choice to visit it as individuals or in groups.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 21 2019 | 5:55 PM IST

Next Story