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July 17: Angry investors attacked the Karachi Stock Exchange in protest at plunging Pakistani share prices. [ 12 ] [ 10 ] July 16 : KSE-100 Index dropped one-third from an all-time high hit in April, 2008 as rising pressure on shaky Pakistan's coalition government to tackle Taliban militants exacerbates concern about the country's economic woes.
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
K-Electric (KE), formerly known as Karachi Electric Supply Company or Karachi Electric Supply Corporation Limited, is a Pakistani utility company based in Karachi. Privatised in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas.
Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. [36] [37] Karachi collects 35% of Pakistan's tax revenue, [38] and generates approximately 25% of Pakistan's entire GDP.
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The Commissioner Karachi Division is the top executive of the Karachi Division, overseeing all maters within the division. The position holder is a Grade-21 Officer who reports to the Chief Secretary and the Chief Minister. The position is deemed as one of the most important posts in Pakistan. [1] [2] [3]
Karachi Cattle Market (also known as Cow Mandi or Maweshi Mandi) (Urdu: کراچی مویشی منڈی) is a cattle market set up each year at, Karachi, Pakistan. [ 1 ] [ 2 ] [ 3 ] The market is often regarded as Asia's largest cattle market, and thousands of animals are sold by small, independent traders. [ 4 ]
Karachi City Railway Station (Urdu: کراچی شہر ریلوے اسٹیشن), formerly McLeod Station, is one of the two main Karachi railway terminals along with the Karachi Cantonment station. Karachi City Station is located on I. I. Chundrigar Road , adjacent to Habib Bank Plaza , in Karachi , Pakistan . [ 1 ]