This presentation is about the economic valuation of lake view park, Islamabad. It includes the research survey on the willingness to pay and willingness to accept of general public.

1. 1

2. 2
Neyha Rubab
Syed (1277)
Aleeza
Noureen
(1242)
Laila
Batool
(1246)
Nazia Bibi
(1258)
Syeda Maryam
Zahra Rizvi
(1260)
Presented By
ECONOMIC VALUATION OF LAKEVIEW PARK
(ISLAMABAD)

3. OUTLINE
 Lakeview Park
 Rawal Lake
 Main features of Lakeview Park
 Survey on economic valuation of Lakeview Park
 Difficulties faced while surveying
 Conclusion
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4. LAKEVIEW PARK
Geography
 Lake View Park is also called Rawal Lake Park
 Lake View Park is a recreational area and wildlife spot
 It is situated on Murree road, Islamabad
 While traveling from Islamabad to Murree a road turns right
just before Barakahu and leads to this beautiful park
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5. Cont...
 The park has become a favorite picnic spot for people of
Islamabad and Rawalpindi
 It is constructed alongside Rawal Lake, which is an
artificial reservoir that fulfills water needs for cities of
Rawalpindi and Islamabad
 Situated at the bank of Rawal Lake, the park is an
amusement place of international standards
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6. History
The park was built with efforts of Chairman CDA
(Capital Development Authority) Kamran Lashari
It was built to provide a healthy spot for the increasing
number of tourists who wished to visit Rawal lake
CDA has paid particular attention to maintain the park by
allocating hundreds of workers in different sections
including gardeners, security guards, sanitary workers
and other management staff 6

7. RAWAL LAKE
Rawal Lake is an artificial reservoir built on the Korang
River, Islamabad which runs from the Margalla Hills
It was built in 1962 by the Punjab Government to cater
the need for water shortage in the area
It covers the needs for water in the cities of Islamabad
and Rawalpindi along with being a popular tourist spot in
the city
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8. Cont...
 It also helps to maintain Islamabad's underground water
level and environment friendly atmosphere
 Location: Islamabad Park Area
 Longitude: 73° 7' E
 Latitude: 33° 41' N
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9. Cont...
 Catchments Area: 106.25 square miles (275 km²)
 Surface area: 8.8 km2 (3.4 sq mi)
 Max. depth: 102 ft (31 m)
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10. MAIN FEATURES OF LAKEVIEW PARK
CDA has provided lovely installations of amusement park
like passenger train and busses, games and fun rides for
children and elders
The park also provides facilities of adventure sports
Wall (rock) climbing, paintball, quad motocross, car
dodging, scooter boats and speed boats are some of
adventure sports to do in Lake View Park
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11. Cont...
Boating (both paddle boats and row boats), fishing area
and swimming pool are available for families and
individuals
There is a small passenger train in the park
Bathrooms are available for ladies and gents on different
locations in park
A spacious walk-in bird aviary is the most wonderful
feature of the Park
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12. Cont...
It has rare species of birds including Peacocks, Pelican,
Black Swan, Australian Parrot, Makao, ducks, ostriches,
emus, turkeys and many other small and large Birds
The bird-house is an enjoyable place for families and kids
to take a walk among the beautiful birds and admire their
beauty
A restaurant named “Dera” is offering food and
refreshment items for visitors 12

13. Cont...
There are also small refreshment stalls on different places
that meet immediate refreshment needs
Alternatively, people can bring their own food and stuff
to enjoy picnic with friends and families
 There are grills installed on different places in park
where people can enjoy Bar B.Q
Park administration has also arranged live music for
visitors
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14. SURVEY
ECONOMIC VALUATION OF
LAKEVIEW PARK
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15. OBJECTIVE OF
SURVEY
The main objective of
the survey was to
estimate the willingness
to pay (WTP) and the
willingness to accept
(WTA) of general
public for recreational
services of Lakeview
park, Islamabad.

16. Cont...
 The data was collected from a sample of 60 respondents
in November, 2019
 The survey aims to economically value Lakeview park,
Islamabad.
 This survey aims to answer the following questions:
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17. 1. GENDER
17
58%
42%
Males
Females

18. 2. AGE
18
55%
20%
17%
8%
Below 30
30-40
40-50
Above 50

19. 3. MARITAL STATUS
19
47%
42%
3%
8%
Single
Marrried
Separated
Widowed

20. 4. OCCUPATION
20

21. 5. EDUCATION
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22. 6. RESIDENCE
22
0 20 40 60 80
Urban
Rural
Percentage
Residence
Urban
Rural

23. 23
0
20
40
60
80
up to 2
3 to 5
6 to 10
11 to 15
16 to 20
Percentofvisitors
up to 2 3 to 5 6 to 10 11 to 15 16 to 20
Recreational Trip 26 23 6 2 3
Substitute Park 21 12 18 4 5
Lake view Park 23 14 8 8 7
No. of visits

24. 24
Less than 20,000
Pkr
20,000-50,000 Pkr
50,000-1,00,000
Pkr
More than
1,00,000 Pkr
Participants 33.33 36.67 20 10
0
5
10
15
20
25
30
35
40
No.ofvisitors
Total Monthly Household income

25. 25
Less than 2o,oooPkr 20,000-50,000Pkr 50,000-1,00,000Pkr
Participants 63 33 3
0
10
20
30
40
50
60
70
No.ofvisitors
Monthly expenditure on
Recreational Trips

26. REASONS FOR VISITING PARK
26
Reasons to visit park No. of Respondents Percentages
Sightseeing 3 5
Walking 7 12
Bird watching 6 10
Relaxation 16 27
Exercise 3 5
Swimming 1 2
Boating 6 10
Combinations 6 10
All 12 20

27. 27
STATEMENTS

28. 28

29. 29
RIDES PRICES
parachute 80 Pkr
3D Motion ride 150 Pkr
Cars 250 Pkr
Discovery 150 Pkr
Bumper car 70 Pkr
Entry ticket 30 Pkr
Boating half round (for students) 100 Pkr
Boating full round (for students) 200 Pkr
Boating half round (for family) 500 Pkr
Boating full round (for family) 1000 Pkr
Horse ride 200/300 Pkr
Bird park ticket (for adults) 100-120 Pkr
Bird park ticket (for kids) 50 Pkr
TICKET’S PRICES

30. DIFFICULTIES FACED WHILE
SURVEYING
 Lack of Interest
 No cooperation
 Lack of willingness to response
 Unsafe Environment for females
 Non-Serious attitude of educated people
 Tickets on every step
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31. CONCLUSION
Most of the people who visit park are from Urban areas.
Lakeview Park has high value due to its use for the
recreation, tourism, education and scientific research
Now general public is taking out time from their busy
routine for recreational activities
More than 80% of the public wants improvement in park
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32. Cont...
But people are not willing to pay extra amount for tickets
They want Government to reallocate budget for
recreational activities and donations to be raised for the
improvement of park
Some people are unaware of the term “recreation and
environment” but still they are visiting these places in
their leisure time
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33. REFERENCES
http://www.lahoreschoolofeconomics.edu.pk/EconomicsJ
ournal/Journals/Volume%2011/Issue%202/Himayatullah.
pdf
https://businessperspectives.org/pdfproxy.php?item_id:56
76
https://pakistantourntravel.com/2019/04/10/lake-view-
park-islamabad/
https://en.wikipedia.org/wiki/Rawal_lake 35

34. Cont...
https://en.wikipedia.org/wiki/Lake_View_Park
https://global-
geography.org/af/Geography/Asia/Pakistan/Special_Infor
mation/Rawal_Lake
https://www.islamabadscene.com/project/lake-view-park/
https://pakistantourntravel.com/2019/04/10/lake-view-
park-islamabad/
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ANY
QUESTIONS?

36. S
36
THANK
YOU!