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Karachi (/ k ə ˈ r ɑː tʃ i /; Urdu: کراچی [kə.ɾɑː.t͡ʃiː]; Sindhi: ڪراچي ; IPA: [kəˈraːtʃi] ⓘ) is the capital city of the Pakistani province of Sindh.It is the largest city in Pakistan and 12th largest in the world, with a population of over 20 million.
Islamabad officially became the capital of Pakistan on 14 August 1967, exactly 20 years after the country's independence. [1] The first capital of Pakistan was the coastal city of Karachi in Sindh, which was selected by Muhammad Ali Jinnah. [1] Karachi was and still is the largest city and economic capital of Pakistan.
Karachi was, and still is, the financial capital of Pakistan, accounting for the largest share of the nation's GDP and generating the largest share of the national revenue. The State Bank of Pakistan and most commercial banks had their headquarters in Karachi together with Pakistan's first and largest stock exchange - the KSE now PSX.
Karachi, the capital of Sindh, is the most populous city district, as well as the most densely populated. It was initially a single district, now has been further subdivided into East , West , South , Central , Malir , Keamari and Korangi districts.
Located in Karachi, the largest city and commercial capital of Pakistan and capital of the province of Sindh, it is named after Muhammad Ali Jinnah, the statesman founder of Pakistan. It is one of the oldest continuously-operating airports in the world.
Karachi served as the first capital of Pakistan from 1948. A planned capital, Islamabad, was then designated, and in 1958, as an interim measure, the capital was shifted to Rawalpindi, near to the future capital. Islamabad became capital in 1967 when its construction was completed. Jakarta (de facto) Indonesia
By the 1970s, Karachi was no longer the capital of Pakistan; the federal government was shifted to Islamabad. With the dissolution of the One Unit scheme and revival of provinces, Karachi was designated the capital city of Sindh. The house eventually became the residence of the Governor of Sindh and continues to be so as of present.
To ensure the federal government's autonomy, the Federal Capital Territory (FCT) was carved out of Karachi District in 1948. [6] The FCT remained the capital of Pakistan until 1960 when the capital was shifted to Rawalpindi. While Karachi's status as the federal capital ended, it continued to be a major economic and financial hub of Pakistan. [7]