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Karachi contributes Rs 16 billion to GDP a day

The economy of Punjab, Pakistan is one that is largely based on agriculture and industry. Punjab is the largest province of Pakistan in terms of population, and also has the largest economy in the country compared to other provinces and administrative units. Punjab's economy has quadrupled since 1972. Its share of Pakistan's GDP was 54.7% in 2000 and 59% as of 2010. It is especially dominant in the Service & Agriculture sectors of the Pakistan Economy. With its contribution ranging from 52.1% to 64.5% in the Service Sector and 56.1% to 61.5% in the Agriculture Sector.
here your services theory also fails dear

Economy of Punjab, Pakistan - Wikipedia, the free encyclopedia

I trust Federal Board of Revenue more than some fanboys editing on Wikipedia. Do look at the citations given.

Again if that were the case why does the 'engine' bleed when Karachi is at a standstill and lose billions?


Aren't you forgetting agriculture from Punjab??

Agriculture accounts for only 21% of national GDP.
 
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I trust Federal Board of Revenue more than some fanboys editing on Wikipedia. Do look at the citations given.

Again if that were the case why does the 'engine' bleed when Karachi is at a standstill and lose billions?




Agriculture accounts for only 21% of national GDP.

bring the reports of FBR dear :angel:

and what about the exports from punjab ?? and what about the raw material which agriculture produces for the textile industry and textile counts highest number in total exports of pakistan its more then 65% :angel: sindh got highest number of electricity losses in pakistan in form of theft and govt have to give subsidy to KESC every year of 70 billion rupees while KPK is on second number and highest utility bill payers are from punjab too
 
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42% GDP is like saying there is no other industrial zone in the country but the one nearby Karachi.. and is it the largest? I dont think so...

70% income tax is like no one else pays? come on yar...its so lame..

62% of the goods are being purchased in Karachi is just so out of proportion...

out of 20 million population, majority belong to lower classes and their buying power too is with respect to their status.

These states really dont make any sense at all...

these are kind of stats which MQM ppls normally uses in media, i doubt it, even there are big industrial zones in punjab.
last time i have heard tht Karachi contribute arround 24% in country's revenues.
& arround 90% of custom duty (cz of the sea ports) which belong to federal govt....

i mean i live in Karachi & 100% Karachiete but statistics seems funny & not practical.
 
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@aks Agriculture sector used to have major contribution in GDP but now it's at approx. 21%, Industrial is at 29% and Services is at 50%. But still Agriculture is back-bone of industrial sector for example textile business, leather products etc.

@z9-ec No body can deny that when Karachi stand still than whole county bleeds, problem is when people start talking crap that only Karachiites are giving 70% taxes and feeding all Pakistan (specially Punjab) which is BS. It's like you ask your brother to collect money you earned on your behalf and after collecting money your brother start projecting that he is earning money and feeding you.

EDIT: Not all karachiities are same, there is majority of educated people, who understand this propaganda
 
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@aks Agriculture sector used to have major contribution in GDP but now it's at approx. 21%, Industrial is at 29% and Services is at 50%. But still Agriculture is back-bone of industrial sector for example textile business, leather products etc.

@z9-ec No body can deny that when Karachi stand still than whole county bleeds, problem is when people start talking crap that only Karachiites are giving 70% taxes and feeding all Pakistan (specially Punjab) which is BS. It's like you ask your brother to collect money you earned on your behalf and after collecting money your brother start projecting that he is earning money and feeding you.


yeah but agriculture is still backbone of pakistan;s economy and secondly if we say service sector counts more in pakistan's gdp which is around 50% then still punjab have more share on services sector and agriculture sector which makes its economy around 60% of total economy of pakistan
 
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yeah but agriculture is still backbone of pakistan;s economy and secondly if we say service sector counts more in pakistan's gdp which is around 50% then still punjab have more share on services sector and agriculture sector which makes its economy around 60% of total economy of pakistan

Only an idiot can deny that Punjab has largest pie in GDP among all the provinces because it has major share in agriculture and services sector, and also have considerable share in industrial sector, it's not just textile but other industries as well i.e. leather, chemical, cement, energy, fertilizer, auto, paint, food processing etc. and it's share is improving as new industries are being setup. but again our govt. policies are not balanced and short term because they are putting all pressure on Lahore and soon you will start listening same things from Lahories that they are feeding all Punjab.

There must be long-term strategy and every province must have multiple industrial bases to minimize it's vulnerability. We need more Port cities to have continuity plan and minimize the economical losses. God forbid if there a natural disaster happen on Karachi Port than what will happen to Pakistan?
 
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bring the reports of FBR dear :angel:

and what about the exports from punjab ?? and what about the raw material which agriculture produces for the textile industry and textile counts highest number in total exports of pakistan its more then 65% :angel: sindh got highest number of electricity losses in pakistan in form of theft and govt have to give subsidy to KESC every year of 70 billion rupees while KPK is on second number and highest utility bill payers are from punjab too

Karachi contributes 60-70pc of revenue


KARACHI - Federal Board of Revenue Chairman Sohail Ahmad has said the Karachi contributes 60-70 per cent of the revenue to national exchequer.

At a discussion organized by the KCCI he announced that the committees for direct and indirect taxation and Customs will be formed.

The KCCI had organized a discussion, in which it was highlighted the budget anomalies, confusion and issues in the new taxes imposed in recent Budget.

FBR Chairman suggested KCCI to nominate representatives to discuss the budget anomalies. He said that previous tax policies would continue and assured them that no harassment would be done in future.

FBR chairman accepted the fact that business community is in confusion with GST and VAT. He elaborated that the Finance Minister Hafeez Sheikh is reviewing policies; very soon clarifications would be made public. He assured that nothing will be done without consultation of the stakeholders.
President Karachi Chamber of Commerce and Industry (KCCI) said that there were lot of expectations from this democratic Government but the policies were the same. The domestic industrial growth, self-reliance of business community and issues of businessmen and a commonman were not on Government priority. Business community is also waiting for the special committee to be addressed anomalies.

Zubair Motiwala, Advisor to Chief Minister, VC BMG and Former President KCCI suggested FBR to do consultative sessions with business community on VAT and remove confusions. There should be clear classification between services sector and manufacturing sector.

He said there should be no customs duty on these five sectors like Textiles, Leather, Surgical goods, etc as they are the main contributors to exports.

Giving the example of textile sector, Motiwala added that today textile industry is in crisis as the cost of yarn has been doubled; liquidity has been reduced to an alarming level. And at present when the burden is added with multiple taxes, Government should also give attention to the raise in tariffs of electricity and gas. In addition, Shipments usually takes 3-6 months that will dry up liquidity and it is like an interest free loan to the Government.

He also highlighted that WHT is imposed on service industry; the vending sector in automobile industry dont make that much to give that tax, hence proper classification needs to be done. Small refunds are pending from many years, even a small refund of 50-60,000 is still not released. Reference to ATTA, Motiwala added that he has forwarded Government suggestions on the list of 20 sensitive items which includes tea, dry milk, electronic goods, etc should be specially monitored, also the usage of these items in Afghanistan needs to be scrutinized. Moreover, the trade should be done through LCs and authorized banking channels. Motiwala also acknowledged the achievements of FBR particularly in Customs and various other departments. He suggested that opening of Letter of Credit in a bank would solve half the problems in ATTA. He also mentioned about proposal of using advance tracking and monitoring devices on shipments to Afghanistan. The number of Audits and notices has been increased seriously and I am a witness to it. Certain powers delegated to Commissioner level needs to be restored back to FBR.

The power of assessment and hearing should not remain with the same person. The attitude of FBR towards the taxpayer should be friendly and there is a drastic need for a positive change Motiwala added.

Karachi contributes 60-70pc of revenue | The Nation

@z9-ec No body can deny that when Karachi stand still than whole county bleeds, problem is when people start talking crap that only Karachiites are giving 70% taxes and feeding all Pakistan (specially Punjab) which is BS. It's like you ask your brother to collect money you earned on your behalf and after collecting money your brother start projecting that he is earning money and feeding you.

EDIT: Not all karachiities are same, there is majority of educated people, who understand this propaganda

The above statement is from Chairman FBR.

The fact remains Karachi LTU collects 70% of revenue which is spent all over Pakistan. Do some research on Lahore LTU.

Your analogy is incorrect. The reason I have repeatedly mentioned. Had that been the case then Karachi being at a standstill wouldn't make much of a difference right? according to you Punjab is the driving force then please answer why does PAKISTAN lose billions of dough as a result of disruption in Karachi? you have no answer to this question.


Only an idiot can deny that Punjab has largest pie in GDP among all the provinces because it has major share in agriculture and services sector, and also have considerable share in industrial sector, it's not just textile but other industries as well i.e. leather, chemical, cement, energy, fertilizer, auto, paint, food processing etc. and it's share is improving as new industries are being setup. but again our govt. policies are not balanced and short term because they are putting all pressure on Lahore and soon you will start listening same things from Lahories that they are feeding all Punjab.

There must be long-term strategy and every province must have multiple industrial bases to minimize it's vulnerability. We need more Port cities to have continuity plan and minimize the economical losses. God forbid if there a natural disaster happen on Karachi Port than what will happen to Pakistan?

Never denied Punjab's share. However, I know for a fact Karachi accounts for 30+% of national GDP.
 
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42% GDP is like saying there is no other industrial zone in the country but the one nearby Karachi.. and is it the largest? I dont think so...

70% income tax is like no one else pays? come on yar...its so lame..

62% of the goods are being purchased in Karachi is just so out of proportion...

out of 20 million population, majority belong to lower classes and their buying power too is with respect to their status.

These states really dont make any sense at all...

Too many things are just based on the publicity only. Look on these two different news, one says, Karachi is the cheapest city to live and 2nd most cheapest is Mumbai the next. While the other news we have, around 3 years old news, which states Mumbai was the 4th most expansive city of the world. Whom you trust and the main reason behind any type of wrong publicity of developing countries by the Western media? I find, they just believe in publicity of bluf to keep their opponent down :hitwall: :usflag:

while my personal experience says, "West generally check what is belief of someone, and rest, they may change the facts by different type of publicity :lol:." I found they still live in that age when, "if you say that Mr Jesus Christ didnt have father and he directly came from sky, 'believe' in it, Or, it make sense to think that he might also be one of the common western people of 'Single Mother' who aren't sure about their real father?" but from my side, I may say that, "when poor education level fall to a certain level, the only thing remains is, who believe in what, regardles how the things really work, the facts." like how we see too many publicity of bluffs by the Western media which aren't close to the facts/ reality. :pop:

two key Indian cities, Mumbai and New Delhi, to be amongst the five cheapest places to live. Karachi in Pakistan is the cheapest location surveyed.

Mumbai, New Delhi among 5 cheapest places in world: Survey - Times Of India


According to the survey, Karachi and Mumbai are the cheapest cities to live in. Do you agree with these findings?
http://in.finance.yahoo.com/photos/...liest-cities-to-live-in-photo-1334120874.html

Mumbai, which was the world’s second most expensive office market during the last survey in November 2007, is now in fourth place, though its rental of $210.97 per sq ft is still 41 percent higher than it was last November.

Moscow, where office rentals have risen 93 percent since last November to $232.37 per sq ft, is now at second place instead. Delhi is now in seventh place, from eighth last November. Office rentals in Delhi have risen 15.3 percent during this period to $145.16 per sq ft, the survey said.

Office rents in Mumbai~ Delhi still among 10 most expensive | India
 
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Punjab share in Pakistan GDP is 60% and population is 50% of Pakistan. Which mean its easly the richest province in Pakistan even per capita basis. Again as i said before these twisted figures provided by MQM thugs doesnt make sense. And Punjab being richest province is not just limited to Pakistani punjab.

"The historical region of Punjab is considered to be one of the most fertile regions on Earth. Both east and west Punjab produce a relatively high proportion of India and Pakistan's food output, respectively. The agricultural output of the Punjab region in Pakistan contributes significantly to Pakistan's GDP. The region is important for wheat growing. In addition, rice, cotton, sugarcane, fruit and vegetables are also major crops. Both Indian and Pakistani Punjab are considered to have the best infrastructure of their respective countries.[13] The Indian Punjab has been estimated to be the richest state in India.[14] The Pakistani Punjab produces 68% of Pakistan's food grain production.[15] Its share of Pakistan's GDP has historically ranged from 51.8% to 54.7%.[16]

Called "The Granary of India" or "The Bread Basket of India", Indian Punjab produces 1% of the world's rice, 2% of its wheat, and 2% of its cotton.[17] In 2001, it was recorded that farmers made up 39% of Indian Punjab's workforce.[18]"


Punjab is still growing at rapid pace but other provinces lower growth rate bring overall average down. But keep living in delusions that Karachi is feeding Pakistan.
 
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The above statement is from Chairman FBR.

The fact remains Karachi LTU collects 70% of revenue which is spent all over Pakistan. Do some research on Lahore LTU.

Who said Karachi LTU is not largest revenue COLLECTOR???? And for the highlighted part, that is being spent all over Pakistan because people all over Pakistan actually paid these revenues, and must be spent on all over Pakistan. Why do i have to research on LTU's? they are just revenue collecting bodies not giving funds from their pockets.

Never denied Punjab's share. However, I know for a fact Karachi accounts for 30+% of national GDP.
If you have any credible source about city or at-least province wise breakdown of economic data than please do share, i am interested to know the details and increase my knowledge.
 
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Who said Karachi LTU is not largest revenue COLLECTOR???? And for the highlighted part, that is being spent all over Pakistan because people all over Pakistan actually paid these revenues, and must be spent on all over Pakistan. Why do i have to research on LTU's? they are just revenue collecting bodies not giving funds from their pockets.

why does PAKISTAN lose billions as a result of any disruption in Karachi? if it just COLLECTS tax as you say so.

If you have any credible source about city or at-least province wise breakdown of economic data than please do share, i am interested to know the details and increase my knowledge.

I do not trust wiki. However, there is an old chart showcasing Sindh's contribution to GDP from 1973-2000 remained at 32%. It has increased since then.


I
 
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Leave Karachi to Mustafa Kamal and give him all the powers, see how GDP, and these percentage figures skyrocket
2003-2008 was when mqm had the most power, and all the opportunity to murder lot bomb and whatever, but on the contrary, the crime rate was record low, and development was faster than ever. Jealous racist other pakistanis then ended the flawless nazim system out of hate and envy and put useless vadera administrators
 
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Punjab share in Pakistan GDP is 60% and population is 50% of Pakistan. Which mean its easly the richest province in Pakistan even per capita basis. Again as i said before these twisted figures provided by MQM thugs doesnt make sense. And Punjab being richest province is not just limited to Pakistani punjab.

well here who is educated and talking in a civilised manner, every body can observe that, calling members thugs etc etc these blatant propaganda words, involving MQM every where.

one can easily decide who is being logical and who is being paranoid jealous idiot
 
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Aren't you forgetting agriculture from Punjab??

when nations become industrial,the labour becomes expensive, the expensive labour means less agriculture as what happened with USA, it transformed from being agricultural economy to industrial economy, now agriculture is less important than industries

agricultural products are cheap as compared to mineral resources, for eg: balochistan CNG gas is more expensive than agriculture of punjab, we saw how floods devastated agriculture of punjab, but it didnt have a very deep impact, but the hikes in oil and gas prices have made us pi.ss in our pants and hope for iran pipeline

sindh also has significant agriculture, the cotton comes from sindh as is rice,only its punjab's wheat and sugar we need and only punjab can provide sugar,
 
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well here who is educated and talking in a civilised manner, every body can observe that, calling members thugs etc etc these blatant propaganda words, involving MQM every where.

one can easily decide who is being logical and who is being paranoid jealous idiot

Calling members thugs? Facts are there for everyone to see them and learn from it, but everyone in this country want to live in denial.
 
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