Karachi is the capital city of the Pakistani province of Sindh. It is the largest city in Pakistan and 12th largest in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast and formerly served as the capital of Pakistan. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion (PPP) as of 2021. Karachi is considered to be Pakistan's most cosmopolitan city, and among the country’s most linguistically-, ethnically-, and religiously-diverse regions, as well as one of the country’s most progressive and socially-liberal cities.
The economy of Pakistan is classified as a developing economy. It is the 24th-largest in terms of GDP based on purchasing power parity (PPP) and 46th largest in terms of nominal GDP. As of 2023, the country has a population of 232 million people. According to the International Monetary Fund (IMF), on a per capita income basis, Pakistan ranked 161st by GDP (nominal) and 138th by GDP (PPP).
Sindh Industrial Trading Estate (SITE) is located in Karachi, Sindh, Pakistan. Designated as an Industrial Area in 1963, S.I.T.E is the oldest and the largest designated Industrial Area of Pakistan, encompassing 9700 acres (19 km²) of land. It contains approximately 2,400 factories.
Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi has an estimated GDP (PPP) of $164 billion. 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. Karachi produces about 30 percent of value added in large-scale manufacturing, 25% of the GDP, 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 most inexpensive city in the world.
The Port Muhammad Bin Qasim, or Qasim Port Authority, also known as Port Qasim, is a deep-water seaport in Karachi, Sindh, Pakistan, on the coastline of the Arabian Sea under the administrative control of the Secretary to the Government of Pakistan for Maritime Affairs. It is Pakistan's second busiest port, handling about 35% of the nation's cargo. Port Qasim and Karachi Port, the busiest port of the country, together handle almost 90% of all external trade of Pakistan. The remaining maritime trade is routed through Gwadar Port.
Karachi Development Authority (KDA) was established as the city-planning authority of Karachi in 1957, and replaced the earlier Karachi Improvement Trust (KIT). KDA, along with the Lyari Development Authority and Malir Development Authority, is responsible for the development of undeveloped lands around Karachi. KDA came under the control of Karachi's local government and mayor in 2001, but was later placed under direct control of the Government of Sindh in 2011. City-planning in Karachi, therefore, is devised at the provincial rather than local level.
Industrial Development Bank of Pakistan is located in Karachi, Sindh, Pakistan. It is among the oldest financing institutions in Pakistan.
Karachi Circular Railway is a partially active regional public transit system in Karachi, Sindh, Pakistan, which serves the Karachi metropolitan area. KCR was fully operational between 1964 and 1994, until it was abruptly shutdown in 1999. Since 2001, several restart attempts were sought and in November 2020, the KCR partially revived operations on the orders of Supreme Court of Pakistan.
Syed Wajid Ali was a leading industrialist of Pakistan who is also known for his services to the Olympic Movement. He became the President of Pakistan Olympic Association in 1978 and stayed on the post for 26 years until he retired in 2004 to become the longest serving president in the history of the association. He is also known for promoting arts and culture as well as Red Crescent in Pakistan.
The Karachi Chamber of Commerce and Industry (KCCI) is the Chamber of Commerce for Karachi, Pakistan.
In 1972, Pakistan's largest city, Karachi, witnessed major labour unrest in its industrial areas of S.I.T.E Industrial Area and Korangi-Landhi. Several protesting workers were killed or injured by police during this period. In a number of cases, workers briefly occupied their factories.
Korangi Zoo established in 1990, is a zoological garden located at Korangi, Landhi Town, Karachi District, Sindh, Pakistan. It is spread over an area of approximately 4 acres (16,000 m2) and contains a fewer variety of animals compared to Karachi Zoo. The zoo operates under the City District Government Karachi and is a member of SAZARC.
The Nationalisation process in Pakistan was a policy measure programme in the economic history of Pakistan, made Pakistan's industrialization worse and lifted the trust of businessmen and investors. It first introduced, promulgated and implemented by Zulfikar Ali Bhutto and Pakistan Peoples Party to lay the foundation of socialist economics reforms to improve the growth of national economy of Pakistan. Since the 1950s, the country had undergone a speedy industrialisation and became an industrial paradise in Asia. But, as time progressed, the labour trade unions and labour-working class had increasingly strained relations with the industrial business oligarch class, having neglected to improve working conditions and failing to provide a healthy and safe environment for the workers in these industrial industries.
The Bin Qasim Industrial Zone is one of the largest industrial areas in Karachi, Sindh, Pakistan. It consists of more than 25,000 acres of land in the Port Qasim town area. Contained within this zone are many industrial units, ranging from medium to large in employment volume. Currently, there are 180 Large and Medium Size units operating in the area.
Pakistan Textile City is located in Karachi, Sindh, Pakistan. Pakistan Textile City is an industrial zone dedicated to the textile processing and related industry. Established in 2009, with a total area of 1250 acres, the estate is located in the Eastern Industrial Zone of Port Qasim Karachi, 6 km from the National Highway.
Industry in Karachi are the various industries that are located in Karachi, Pakistan. The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP.
The Ministry of Maritime Affairs, previously known as the Ministry of Ports and Shipping, is a Federal Ministry of the Government of Pakistan. The current Minister for Maritime Affairs is Shahid Ashraf Tarar and the current Federal Secretary for Maritime Affairs is Iram Anjum Khan. The longest-serving Federal Secretary for Ports and Shipping are Muhammad Saleem Khan and Rizwan Ahmed. The Ministry is headquartered in Islamabad and its main attached departments are in the port city of Karachi.
Events from the year 2020 in Pakistan.