SOURCES OF SKARDU ECONOMY AND SECTOR OF ECONOMY IMPACT BY RISE OF SECTARIANISM IN SKARDU

Abstract

This paper presents various perspectives from stakeholders who have tied their interests to specific fields to understand their viewpoints and arguments. It highlights the economic indicators and the region's significance. The geographical location of Skardu presents challenges to the local market economy. This is a significant hurdle for local economic challenges and the difficulty of upholding limited resources for local economic progress and development.  Therefore, the Skardu economy primarily depends on multiple sources of income generation, contributing to increasing the region's income generation and rapidly building the region's importance. This factor cannot be ignored for its business purposes in the local market economy.  The tourism sector plays a crucial role in developing the local market economy and uplifting the lives of ordinary people. On the rise of sectarianism conflict these market economy remains unprogressive. It does not facilitate the flow of capital for the entire society and to expanded local businesses, making it problematic to the region and the world. People are hesiasated investing in different fields of the tourism sector, which underscores the significance of the region and the local economy.  

Keywords: Skardu, Sectarianism, Economy, Tourism, Local Market