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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]
Distribution companies (DISCOs) are companies under Pakistan Electric Power Company (PEPCO) responsible for distribution of electricity in their respective allocated areas. . They buy electricity from producers such as Water and Power Development Authority (WAPDA), GENCOs, PAEC and other private Independent Power Producers (IPPs) and sell it to their respective area custome
Currently, there are 12 distribution companies and a National Transmission And Dispatch Company (NTDC) which are all in the public sector except Karachi Electric in the city of Karachi and its surrounding areas. There are around 42 independent power producers (IPPs) that contribute significantly in electricity generation in Pakistan.
Hub Power Company (Hubco) was founded in 1991. [5] The project was funded by $770 million in loan agreements and $325 million in equity from international investors. [6] The major investors included National Power with 20.4 percent shareholding, Xenel with 14.5 percent, and Entergy with a 10 percent holding.
It is integrated in generation, transmission and distribution to the whole Karachi city and its surroundings. Post 1990 it was placed under WAPDA control with the company's share price at Rs.160/- in stock market. According to the Pakistan Observer, WAPDA poorly managed KESC, resulting in its later privatisation. [7]
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.
The Sindh Solar Energy Project (SSEP), funded by the World Bank with $100 million, aims to enhance solar power generation in Sindh Province. [15] It encompasses utility-scale solar development, distributed solar installations on public buildings, and the deployment of solar home systems in areas with limited grid access. [16].
Cars on Shahrah-e-Faisal in Karachi. The auto sector constitutes about 7 percent of LSM in 2021, contributing significantly to the country's industrial output. [ 89 ] Given government support and the removal of obstacles, the industrial expansion is expected to yield positive results soon.