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The Pakistan Stock Exchange (PSX) came into existence in January 2016 when the Government of Pakistan decided to merge the three large exchange markets of the country (based in Karachi, Lahore, and Islamabad) into one combined market. [15] The PSX was launched on 11 January 2016.
The Lahore Stock Exchange (LSE) was established in October 1970, under the Securities and Exchange Ordinance, 1969 by the Government of Pakistan in response to the needs for the provincial capital of Punjab. [2] It initially had 83 companies listed and was headquartered at Bank Square in Lahore. The number of listed companies increased to 519 ...
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
Lahore, Karachi, Multan, Peshawar, Quetta 2011 Current/political 15 Daily Sarhad (Urdu: سرحد) Peshawar 1970 16 Business Recorder: English 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
ICI Pakistan also acted as an indenting agent for various products, supporting Pakistani importers and industries. [3] The company was listed on the Karachi Stock Exchange in July 1957. [4] It managed through offices in Karachi and Lahore, with the latter located in the Co-operative Insurance building opposite the Lahore High Court on the Mall. [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. [37] [38] Karachi collects 35% of Pakistan's tax revenue, [39] and generates approximately 25% of Pakistan's entire GDP.
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Due to the large demand for landlines in Lahore and Karachi, in 2009, PTCL decided to increase the 7-digit subscriber numbers to 8-digits, adding "9" before existing Government numbers and "3" before the others (e.g. the number 042–7878787 before 2009, was changed to 042–37878787).