page_title: Economy of Karachi
hierarchical_section_title: Economy of Karachi
caption_attribution_description: English: Karachi sea view side at night
context_page_description: Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi had an estimated GDP nominal of $164 billion. As of 2008, the city's gross domestic product by purchasing power parity was estimated at $78 billion with a projected average growth rate of 5.5 percent. The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large-scale manufacturing, 20% of the GDP, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the
  world.
context_section_description: Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi had an estimated GDP nominal of $164 billion. As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $78 billion with a projected average growth rate of 5.5 percent.  The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large-scale manufacturing, 20% of the GDP, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the
  world.
caption: Clifton is fast becoming residential and commercial hub of Karachi
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