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The Pakistan Machine Tool Factory (PMTF) is a Pakistani manufacturer of power and machine tools based in Karachi, Sindh, Pakistan. It was established in Karachi in 1968, the facility was built for the local manufacture of machine tools under technical cooperation and technology transfer agreements with Oerlikon-Bührle of Switzerland .
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 Sindh Industrial & Trading Estate was established in 1947 and has grown into the largest industrial area in Pakistan with more than 2,000 industrial units on 4,500 acres (18 km 2) of land west of the Lyari River. The estate benefits from the proximity of the Port of Karachi and various roads linking to the rest of Pakistan. The town grew up ...
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.
Siemens (Pakistan) Engineering Company Limited is a Pakistani engineering services company headquartered in Karachi. [3] It is a subsidiary of Siemens AG.. Active since 1953, Siemens Pakistan is one of the largest providers of engineering services and management in the country, with overseeing ongoing projects in healthcare, defence development, energy, [4] telecommunications, computer ...
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
Containers at the Karachi International Container Terminal at the Port of Karachi. Aerial view of Gwadar harbour, showing the international port in the background and the fishing harbour in the foreground. All seaports in Pakistan are maintained and governed by the Ministry of Maritime Affairs of the Government of Pakistan. The three largest ...
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 ...