Economy of Karachi

Clifton is fast becoming residential and commercial hub of Karachi
ICBC Tower in Clifton Karachi

Karachi is the financial and industrial capital of Pakistan. As of 2019, 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]

  1. ^ "Karachi: The backbone of Pakistan". September 2020.
  2. ^ "| Finance Division | Government of Pakistan |".
  3. ^ Cite error: The named reference fbr0607 was invoked but never defined (see the help page).
  4. ^ Pakistan and Gulf Economist. "Karachi: Step-motherly treatment". Archived from the original on 2011-08-21. Retrieved 2007-10-15.
  5. ^ "ECONOMIC AND FINANCIAL ANALYSIS" (PDF). Supporting Public–Private Partnership Investments in Sindh Province (RRP PAK 46538). Retrieved 7 September 2020.
  6. ^ Dawn Group of Newspapers. "World Bank report: Karachi termed most business-friendly". Archived from the original on October 11, 2007. Retrieved 2007-10-15.
  7. ^ "Bloomberg; New York". businessweek.com. Archived from the original on 13 December 2010. Retrieved 27 April 2018.