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  Karachi - The City Born of Dreams




 Karachi - Business Information

Business Facts

GDP per capita: $2,400
Major Exports: Textiles (garments, cotton cloth, and yarn), Electronics & Chemicals
Major Foreign Exchange Counters: Thomas Cook & Standard Charter
Key Industries: Air Conditioners, Chemicals, Cement, ShipBuilding, Printing Paper, Tyre & Tube, Hosiery, Oil Refining & Textiles
Major Industrial Areas: Site, Landhi, Korangi, New Karachi, Landhi & Port Qasim
Major Business Hubs: Karachi Expo Center, Karachi Stock Exchange, Commercial Avenue, Zamzama, Gizri, I.I Chundrigar Road (Pakistan's Wall Street)
Karachi is the largest port of Pakistan.
Its stock exchange is largest of all three in Pakistan.

Business Overview
Karachi is majorly known as the financial and banking capital of Pakistan as most of its public and private banks have their head offices in the city. It is also home to the largest stock exchange of Pakistan- Karachi Stock Exchange, which usually becomes one of the prime reasons for Pakistan's GDP growth. Last but not the least, Karachi also hosts the offices of almost every major foreign multinational corporation as well as corporations based in Pakistan.

Being the principal seaport the city has promptly grown to become the largest industrial and trade center of Pakistan therefore making it a major point for national exports and sea borne trade of neighbouring countries. With several large industrial zones located on the fringes, Karachi surely is a huge industrial base. The primary sectors being textiles, pharmaceuticals, steel automobiles and footwear.

Karachi recently has emerged as a software-outsourcing hub of Pakistan. The ever-growing ICTs (Information & Communications Technology), electronic media and call centers have become a significant part of Karachi's business hierarchy. In order to gain foreign investments in the IT sector, government is making continuos efforts to encourage more foreign companies to set up their call centers. Further most of Pakistan’s independent television and radio channels are headquartered in Karachi.

Karachi has its own expo center that hosts many regional and international exhibitions. The Karachi Expo Center is one of the most important event venues of Pakistan hosting versatile shows like IGATEX Textile and Auto Asia.

Major Business Centers
Karachi Stock Exchange (KSE):
KSE is the biggest and most liquid exchange of Pakistan and was also declared as the “Best Performing Stock Market of the World for the year 2002”. Today the Stock Exchange is into the 4th year of being one of the Best Performing Markets of the world as declared by the international magazine “Business Week”, US newspaper and USA.

The Stock Exchange trades ‘KSE-100 Index’ that is a highly diversified index of 100 largest capitalization companies' stocks from all sectors of Pakistan economy.

Karachi Expo Center:
Located in the commercial capital of Pakistan, Karachi Expo Center is one the most important venue of the country. It is made up of two independent but linked halls measuring 6690 m2. Where one floor houses the press & secretarial services, a large modern kitchen and a cafeteria, the second floor is available for conferences/seminars for a sizeable gathering.

Karachi being cosmopolitan adds flavour for international marketing for Karachi Expo Center.

Major Commercial Areas
Ibrahim Ismail Chundrigar Road (I. I. Chundrigar Road):
Situated in the heart of Karachi, the road is the financial headquarters of Pakistan. Formerly known as McLeod Road, it was later renamed after the former Prime Minister of Pakistan, Ibrahim Ismail Chundrigar.

Most of the headquarters of Pakistan's financial institutions are located on this street including the State Bank of Pakistan, Habib Bank Plaza, MCB Tower, National Bank of Pakistan, Bank Al-Falah, Standard Chartered Bank, CitiBank and many more.

Besides possessing Karachi Stock Exchange and Karachi Cotton Exchange, Chundrigar also houses Pakistan's most circulated newspaper’s office- Jung.

This road also has some of the finest architecture from the early period of Karachi like State Bank, City Railway Station and other administrative office buildings.

Zamzama Commercial Area:
Famous for its designer outlets and cafes, Zamzama is another commercial road of karachi. It continues with Khayaban-e-Shaheen on one side and ends at 'Two Talwar' on the other.

Zamzama also has its own system of streets and lanes, known as 'Commercial lanes' (not to be confused with the commercial lanes in Phase IV).

Major Manufacturing Zones
Port Qasim:
Port Muhammad Bin Qasim is the first industrial and multi-purpose deep sea port of Pakistan with a commercial cum-industrial park.
The port offers many activities like handling of commercial shipping and trade, warehousing, transshipment and transit trade of neighbouring countries and development of entrepot trade. The area also provides facilities like establishment of industries and commercial enterprises drawing on international markets for supply of inputs and for sale of output and development of tourism through leisure resorts and motels.
The port possesses an Export Processing Zone (EPZ) established by the Government to facilitate and promote exports from Pakistan.
One of its major advantages beside others is its proximity to Jinnah International Airport i.e. just 22 km away.
Location: Bin Qasim Town


Karachi




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