Economy Of Karachi
Karachi is referred as the financial capital of Pakistan; it accounts for a lion's share of Pakistan's revenue generation. It generates approximately 53.38% of the total collections of the Federal Board of Revenue, out of which 53.33% are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large scale manufacturing and 20% of the GDP of Pakistan. In February 2007, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the cheapest city in the world.
Read more about Economy Of Karachi: GDP, Revenue Collection, Business Districts, IT Trends, Media, Karachi Stock Exchange, Industrial Revolution, Banking Sector, Transportation, Fisheries, Resulting Problems
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)