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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]
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]
Sunday textile market on the sidewalks of Karachi, Pakistan. As of June 2021, the Pakistani textile industry comprises 517 textile units, including 40 composite units and 477 spinning units. This landscape also includes 28,500 shuttle-less looms and 375,000 conventional looms.
Karachi: Agriauto Industries, Bank AL Habib, HabibMetro, Habib Insurance, Habib Rice, Habib Sugar Mills, Shabbir Tiles, Toyota Indus, Thal Limited [1] Lakson Group: Karachi: Century Insurance, Century Paper, Colgate-Palmolive Pakistan, Merit Packaging [1] Lucky Group: Karachi: Gadoon Textile Mills, Lucky Cement, Lucky Core Industries [1] JS ...
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 sector, as a whole, provides employment to 3.5 million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan's auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014–15, rising to 206,777 units fiscal year 2015–16. this is an ...
Sindh Industrial Trading Estate (SITE) is located in Karachi, Sindh, Pakistan. Designated as an industrial area in 1963, S.I.T.E is the oldest and the largest designated industrial area of Pakistan, encompassing 9,700 acres (19 km 2 ) of land.
In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...