Karachi | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-11-27

This is an audio version of the Wikipedia Article:
Karachi

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SUMMARY
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Karachi (Urdu: کراچی‬‎; ALA-LC: Karācī, IPA: [kəˈraːtʃi] (listen); Sindhi: ڪراچي‎) is the capital of the Pakistani province of Sindh. It is the most populous city in Pakistan, and sixth-most-populous city proper in the world. Ranked as a beta world city, the city is Pakistan's premier industrial and financial centre. Karachi is also Pakistan's most cosmopolitan city. Situated on the Arabian Sea, Karachi serves as a transport hub, and is home to Pakistan's two largest seaports, the Port of Karachi and Port Bin Qasim, as well as the busiest airport in Pakistan.
Though the Karachi region has been inhabited for millennia, the city was founded as the fortified village of Kolachi in 1729. The settlement drastically increased in importance with the arrival of British East India Company in the mid 19th century, who not only embarked on major works to transform the city into a major seaport, but also connected it with their extensive railway network. By the time of the Partition of British India, the city was the largest in Sindh with an estimated population of 400,000. Following the independence of Pakistan, the city's population increased dramatically with the arrival of hundreds of thousands of Muslim refugees from India. The city experienced rapid economic growth following independence, attracting migrants from throughout Pakistan and South Asia.Karachi is one of Pakistan's most secular and socially liberal cities. It is also the most linguistically, ethnically, and religiously diverse city in Pakistan. It has been termed as a the country's fashion capital and home to Pakistan's first Fashion week the now regular Karachi Fashion week in 2009.  With a population of 14.9 million recorded in the 2017 Census of Pakistan, Karachi is the world's 6th most populous metropolitan area. Karachi is one of the world's fastest growing cities, and has communities representing almost every ethnic group in Pakistan. Karachi is home to over 2 million Bangladeshi immigrants, 1 million Afghan refugees, and up to 400,000 Rohingyas from Myanmar.Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $113 billion as of  2014 which is the largest in Pakistan.  Karachi collects over a third of Pakistan's tax revenue, and generates approximately 20% of Pakistan's GDP. Approximately 30% of Pakistani industrial output is from Karachi, while Karachi's ports handle approximately 95% of Pakistan's foreign trade. Approximately 90% of the multinational corporations operating in Pakistan are headquartered in Karachi. The global FDI intelligence 2017/2018 report of the Financial Times ranks Karachi amongst the top 10 asia pacific cities of the future for FDI strategy.