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According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
AKD Group was founded in 1947 by Abdul Karim Dhedhi, father of the current chairman. [1] It began business in 1973 as a brokerage house before expanding into investment banking and mutual funds. [2]
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.
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: Petroleum [2] 4: United Bank Limited: Rs. 467.92 billion (US$1.6 billion) Karachi: Banking [2] 5: Fauji Fertilizer Company: Rs. 466.05 billion (US$1.6 billion) Rawalpindi: Fertilizer [2] 6: Meezan Bank: Rs. 433.43 billion (US$1.5 billion) Karachi: Banking [2] 7: Colgate-Palmolive Pakistan: Rs. 364.96 billion (US$1.3 billion) Karachi ...
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]
Loads Limited was founded in 1979. [4] In 2016, Loads was listed on the Pakistan Stock Exchange, following an initial public offering (IPO) at a strike price of Rs 35 and raised Rs 1.7 billion. [5] [4] In 2018, Loads began manufacturing alloy wheels at its plant in Port Bin Qasim, Karachi.
Lahore, Islamabad and Karachi 2005 Defunct 26 Khalsa Akhbar Lahore: Punjabi Lahore 1886 Defunct 27 The Regional Times of Sindh [4] English Karachi, Hyderabad – 28 The Star: Karachi 1951 Dawn Group's evening newspaper; now defunct 29 The Statesman: Peshawar 2002 30 Pakistan Today: Lahore, Karachi, Islamabad 2010 31 Daily Pakistan: Urdu