Industry in Karachi

rdf:langString Industry in Karachi

rdf:langString Industry in Karachi are the various industries that are located in Karachi, Pakistan. The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP. Industry is the production of goods or services within an economy. Manufacturing industry became a key sector of production and labor in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This occurred through many successive rapid advances in technology, such as the production of steel and coal. There are many cottage industries in the city as well. Karachi is also known as software outsourcing hub of Pakistan. It has a rapidly flourishing 'Free Zone' with an annual growth rate of nearly 6.5 percent. An expo center has also been set up in Karachi, which hosts many regional and international exhibitions including the IDEAS Defence Exhibition. [1] Dozens of new manufacturing units are also being built near the Pakistan Steel Mill. Farm businesses line the Super Highway route. The Sindh Industrial Trading Estate (SITE) in Manghopir is the biggest industrial area of Pakistan. Other industrial zones are located in Landhi, Korangi, Federal B Area, North Karachi and Port Qasim. Karachi is also home of major automobile manufacturing companies. Toyota is in the process of increasing production capacity to over 120,000 units per annum. Suzuki Motor Company is also located in Karachi. The manufacturing plant located in Bin Qasim has a production capacity of 150,000 vehicles per year. Among others, Millat Tractors, Daihatsu, Hinopak Buses and Trucks manufacturing plants are also located in Karachi.