z9-ec
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I think this is incorrect. I have heard this rumour many times but I don't think Karachi alone contributes 70% of Pakistan's revenue keeping the fact that most of the industrial areas in Pakistan are located in Punjab. I think 70% figure is referred to something else. BTW useful information for you
and if you remember Pakistan's major production is agriculture and textile and both of these industries are located in Punjab it is difficult to believe that Karachi alone contributes 70% of Pakistan's revenues.
Your logic is flawed. You have mistaken revenue as GDP. That is a common mistake. Revenue is TAX, which is what government collects and spends for development throughout the country. BTW, agriculture only accounts for 20+% of GDP.
Currently there are about 4 or 5 LTUs in Pakistan. Karachi LTU (LARGE TAX UNIT) this includes entire Sindh contributes 70% of Pakistan's revenue (TAX).
In 2011 Karachi LTU collected 569 billion Source to Lahore LTU (entire Punjab) which only collected 108 billion Source in 2011.
Here's where the grievance kicks in. Punjab gets 52% of this amount whereas other parts get scraps.
Karachi is Pakistan's port almost all oil, resources and etc come through Karachi Port or Port Qasim.
Most of our industry is based in Karachi. Waves, Dawlance and etc. Have a look at this.
List of companies of Pakistan - Wikipedia, the free encyclopedia