View of the I.I.Chundrigar Rd skyline, heart of the financial district of Karachi Karachi is the financial capital of Pakistan. It accounts for the lion's share of Pakistan's GDP and generates about 65% percent of the national revenue providing a Gross Metropolitan Product of PKR. 1.607 trillion or $265 Billion at PPP and a GMP per capita of $21,917 rivaling Western European and American cities. Most of Pakistan's public and private banks have their head offices in Karachi. Besides banking and finance, Karachi also hosts the offices of foreign multinational corporations as well as corporations based in Pakistan. It is home to the largest stock exchange of Pakistan: the Karachi Stock Exchange.[1]. This financial boom helped Pakistan to achieve its ambitious goal of exceeding a seven per cent growth in GDP for the fiscal year 2004-05. Image File history File linksMetadata Download high resolution version (1019x540, 81 KB) Summary This picture shows the I. I. Chundrigar Rd skyline of Karachi, Pakistan. ...
Image File history File linksMetadata Download high resolution version (1019x540, 81 KB) Summary This picture shows the I. I. Chundrigar Rd skyline of Karachi, Pakistan. ...
Karachi (Urdu: كراچى, Sindhi: ڪراچي) is the capital of the province of Sindh, and the most populated city in Pakistan. ...
A metropolitan areas gross domestic product, or GMP, is one of several measures of the size of its economy. ...
PPP is an abbreviation for: In real estate: prepayment penalty, a penalty paid when property is sold before an agreed-upon date. ...
There are several meanings for GMP: Good Manufacturing Practice, a guideline for manufacturers of medications (including pharmaceuticals, biotechnology products, and active pharmaceutical ingredients) to assure that medications are of the required quality. ...
Per capita is a Latin phrase meaning for each head. ...
Karachi (Urdu: كراچى, Sindhi: ڪراچي) is the capital of the province of Sindh, and the most populated city in Pakistan. ...
A multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. ...
Business districts
I.I. Chundrigar Road (formerly McLeod Road) was once the main business district of Karachi, but in recent years many businesses have moved to other areas such as Sharah-e-Faisal, Clifton and Defence. The traffic congestion in I.I. Chundrigarh Road has made it difficult to travel to the center of the city in a timely manner.
Sharah-e-Faisal has seen a spate of building with high rises, show rooms and institutions. Its proximity to Karachi Airport has been a significant factor. Dozens of new manufacturing units are also being built near the Pakistan Steel Mill. Farm businesses line the SuperHighway route. SITE Manghopir is the biggest industrial area of Pakistan with more than 4000 factories. New Industrial zones have come in the past like Landhi, Korangi, FB Area, North Karachi, Dhabeji and Port Qasim.
IT Trends The recent trend of ICT (information and communications technology), electronic media and call centers has become a significant part of Karachi business hierarchy. Call centres for foreign companies have been targeted as a significant area of growth, with the government making efforts to reduce taxes by as much as 80 per cent in order to gain foreign investments in the IT sector.The city has also firmly established itself as the electronic media capital of the country as most Pakistan's Media Television Channels are headquartered here including CNBC Pakistan, ARY Digital, AAJ TV and GEO TV. They generate huge revenues for the city in advertising and provide jobs and entertainment. As a sign of the growing strength of the electronic media sector GEO TV is planning to start a further 10 channels and for this purpose is setting up a 50 acre studio in the city. Information technology (IT), as defined by the Information Technology Association of America (ITAA)is: the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ...
A screenshot of a web page. ...
A call centre (Commonwealth English) or call center (AmE) is a centralised office of a company that answers incoming telephone calls from customers or that makes outgoing telephone calls to customers (telemarketing). ...
CNBC Pakistan is the first international business channel in the country to report the entire gamut of markets and financial activities at the international and national level on a minute-to-minute basis throughout the day to the discerning viewers of the country. ...
ARY Digital is a popular Pakistani television network that is available in Pakistan, the Middle East and Europe. ...
AAJ TV is 24 hour Pakistani entertainment Television Channel. ...
Geo TV or GEO Television is an Urdu Pakistani television network that was established in May 2002 and officially began transmission in October 2002. ...
Industrial Revolution Karachi also has a huge industrial base. There are large industrial estates on most of the fringes of the main city. The main industries are Textiles, Pharmaceuticals, Steel, and Automobiles. Apart from these, there are many cottage industries in the city as well. Karachi is also known as software outsourcing hub of Pakistan. It also has a rapidly flourishing Free Zone with an annual growth rate of nearly 6.5 per cent. An expo center has also been set up in Karachi and is now available to host many regional and International exhibitions. A cottage industry is an industry – primarily manufacturing – which includes many producers, working from their homes, typically part time. ...
A Worlds Fair is any of various large expositions held since the mid 19th century. ...
Karachi is also home of major automobile manufacturing companies. Toyota is in the process of increasing production capacity to over 120,000 units per annum. Suzuki Motor Company is also located in Karachi. The manufacturing plant located in Bin Qasim has a production capacity of 150,000 vehicles per year. Among others Millat Tractors, Adam motors, HinoPak Buses and Trucks manufacturing plants are also located in Karachi
Banking Sector The Sector which has reaped the benefits of industrialization in the real sense is the Banking and Insurance Sector in Karachi. One may see new branches of local and international banks all over Karachi. From bank to credit cards, paper money is becoming the order of the day in this city. Car loans from numerous banks have allowed the younger generation to go for the hot cars.
Transportation Despite the growth and development of transport infrastructure elsewhere in the country Karachi remains the country's transport hub. Currently the city's 2 ports, Port of Karachi which is Pakistan's largest and Port Qasim, are central to nearly all shipping in Pakistan. The airport of Karachi, Jinnah International Airport, also known as Quaid-e-Azam International Airport, is the largest & busiest airport in Pakistan and handles 10 million passengers a year. The airport also receives the largest number of foreign airlines, a total of 27 airlines fly to Jinnah International predominantly from the Middle East and South East Asia. All of Pakistan's airlines use Karachi as their Primary hub including Pakistan International Airlines, Aero Asia International, Airblue and Shaheen Air. The logo of the Karachi Port Trust. ...
Port Muhammad Bin Qasim is a port in Karachi, Sindh, Pakistan located at , (24. ...
KHI redirects here. ...
Jinnah International Airport is Pakistans largest international and domestic airport. ...
Pakistan International Airlines (also referred to as PIA), is the national flag carrier of Pakistan and the national airline operating passenger and cargo services around the world. ...
Aero Asia International is a private airline based at Karachi, Sindh, Pakistan at the Quaid-e-Azam International Airport. ...
Airblue is a private Pakistani airline based at Jinnah International Airport Karachi. ...
Shaheen Air International is an airline based in Pakistan. ...
Fisheries Karachi is the biggest fisheries hub in Pakistan. Fishery plays an important role in the Karachi's economy. It provides employment to about 300,000 fishermen directly. In addition, another 400,000 people are employed in ancillary industries. It is also a major source of export earning. The Karachi Fish Harbour and Korangi Fish Harbour are two major fish harbours in Karachi. Karachi (Urdu: كراچى, Sindhi: ڪراچي) is the capital of the province of Sindh, and the most populated city in Pakistan. ...
A fishery (plural: fisheries) is an organized effort by humans to catch fish or other aquatic species, an activity known as fishing. ...
Karachi Fish Harbour is located in Karachi, Sindh, Pakistan. ...
Korangi Harbour is located in Karachi, Sindh, Pakistan. ...
Resulting Problems Karachi is the center of all business activities. Thousands of Vehicles roll on the roads of Karachi. The City Administration is trying to introduce CNG Buses and Rickshaws in the city in the coming years. - Industrial Pollution
- Social Problems
- Traffic woes
- Immigration
- Emergence of Slums
See also Pakistan is a developing country with the worlds sixth-largest population, and an economic growth rate that has been consistently positive since a 1951 recession. ...
The Karachi Stock Exchange (Guarantee) Limited (colloquially known as the Karachi Stock Exchange) is the largest of three stock exchanges in Pakistan. ...
The following is the list of banks in Pakistan. ...
This is a list of Companies from Pakistan. ...
Karachi (Urdu: كراچى, Sindhi: ڪراچي) is the capital of the province of Sindh, and the most populated city in Pakistan. ...
Sindh (Sindhī: سنڌ, Urdū: سندھ) is one of the four provinces of Pakistan and is home to the Sindhis, and Muhajirs and various other groups. ...
References - ^ "Karachi Stock exchange".
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