Karachi is the financial and industrial capital of Pakistan. As of 2019[update], Karachi has an estimated GDP (PPP) of $164 billion.[1][2] The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports.[3] Karachi produces about 30 percent of value added in large-scale manufacturing,[4] 25% of the GDP,[5] the World Bank identified Karachi as the most business-friendly city in Pakistan.[6] In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the world.[7]
- ^ "Karachi: The backbone of Pakistan". September 2020.
- ^ "| Finance Division | Government of Pakistan |".
- ^ Cite error: The named reference
fbr0607was invoked but never defined (see the help page). - ^ Pakistan and Gulf Economist. "Karachi: Step-motherly treatment". Archived from the original on 2011-08-21. Retrieved 2007-10-15.
- ^ "ECONOMIC AND FINANCIAL ANALYSIS" (PDF). Supporting Public–Private Partnership Investments in Sindh Province (RRP PAK 46538). Retrieved 7 September 2020.
- ^ Dawn Group of Newspapers. "World Bank report: Karachi termed most business-friendly". Archived from the original on October 11, 2007. Retrieved 2007-10-15.
- ^ "Bloomberg; New York". businessweek.com. Archived from the original on 13 December 2010. Retrieved 27 April 2018.