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The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP. Industry is the production of goods or services within an economy. [1]
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]
BQATI or Bin Qasim Association of Trade and Industry, BQATI (formerly Port Qasim Association of Trade & Industry, PQATI) is a representative body of industries located in Bin Qasim industrial Zones. The Association was initially established with clear objectives to promote industrial activities in the area and to contribute positively to the ...
The Karachi Chamber of Commerce and Industry (KCCI) is the Chamber of Commerce for Karachi, Pakistan. They aim to improve Pakistan's business environment and economic well-being, especially in Karachi. They seek to provide advocacy and opportunity to their thousands of members.
[7] [8] [9] The diversified economies of Karachi and Punjab's urban centres coexist with less developed areas in other parts of the country particularly in Balochistan. [8] According to the Economic complexity index , Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [ 10 ]
Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports. Other units include surgical instruments, chemicals, and a budding automotive industry ...
Industry contributes a large portion of Karachi's economy, with the city home to several of Pakistan's largest companies dealing in textiles, cement, steel, heavy machinery, chemicals, and food products. [157]
Industry in Karachi (3 C, 1 P) O. Office buildings in Karachi (8 P) P. Pakistan Stock Exchange (2 C, 10 P) Ports in Karachi (1 C, 5 P) R. Retailing in Karachi (2 C) S.