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In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...
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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.
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.
India has alleged that Dawood Ibrahim, a prominent Indian underworld don, resides in the Pakistani city of Karachi, although this claim has been rejected by Pakistan. Former President of Pakistan, Pervez Musharraf, stated that Ibrahim is "held in 'high esteem' by many in [Pakistan]". [8]
An old image of Karachi from 1889 Karachi map, 1911 St Joseph's Convent School, Karachi An image from 1930 of Elphinstone Street, Karachi Karachi Municipal Corporation Building, inaugurated in 1932. In 1864, the first telegraphic message was sent from India to England when a direct telegraph connection was laid between Karachi and London. [16]
Khokhrapar (Urdu: کھوکھراپار) is a neighborhood in Karachi, Pakistan, [1] that is within Malir District.The origin of the name "Khokhra par" goes back to the days when Mohajirs (immigrants) from partition time came to this place, most of them crossed the border of India to newly founded country of Pakistan from Khokhra Par, Sindh and found this area significantly resembling with ...
State Bank of Pakistan Museum & Art Gallery is a museum on Ibrahim Ismail Chundrigar Road in Karachi, established in 2004 to introduce the first Monetary Museum of Pakistan. The current State Bank of Pakistan Museum & Art Gallery building, previously the Imperial Bank of India , is a Greco Roman building in Jodhpuri Red Sandstone constructed in ...