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In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. [36] [37] Karachi collects 35% of Pakistan's tax revenue, [38] and generates approximately 25% of Pakistan's entire GDP.
Business Recorder is an English-language financial daily newspaper in Pakistan, [2] founded by Muhammad Ahmed Zuberi in 1965. [3] The publication is owned by the Business Recorder Group. [4] [1] Muhammad's eldest son, Wamiq Zuberi, [5] is the editor of the newspaper, and chief executive officer of the Business Recorder Group. [6]
Karachi, Islamabad and Lahore 1965 Pakistan's first financial newspaper 17 Daily Times: Lahore, Karachi, Islamabad 2002 18 Dawn [5] Karachi, Islamabad and Lahore 1947 Founded by Muhammad Ali Jinnah: 19 The Friday Times [5] Weekly Lahore 1989 Weekly newspaper 20 Bayan [4] Daily Urdu Peshawar 2017 21 The Frontier Post: English Peshawar, Quetta ...
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
Karachi: Banking [2] 14: Engro Corporation: Rs. 238.95 billion (US$830 million) Karachi: Conglomerate [2] 15: Bestway Cement: Rs. 213.89 billion (US$740 million) Islamabad: Cement [2] 16: Pakistan State Oil: Rs. 206.89 billion (US$720 million) Karachi: Petroleum [2] 17: Standard Chartered Pakistan: Rs. 205.19 billion (US$710 million) Karachi ...
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
This was the first newspaper of Pakistan that came in a colored form. He suffered many hardships and was put behind the bars due to some clashes with the government for some time. The newspaper was then handed over to Mujeeb ur Rehman Shami. Prior to taking over Daily Pakistan, he was Editor-in-Chief of the Weekly Zindagi, Lahore.