Jury,
I am not intrested to reply your stupid and false claims, as the real facts and figure I quoted in my earlier reply is quoted from the world most authentic web site. I am sure no one will be confused with your false claims.
nowadays you can't not fool the peoples by the most popular techanique of MQM :speak again and again Lie and lies". The tecnanique is adopted by MQM from its orignator "jamiat- Islami".
The real facts stood as :
Jury again misleads the peoples by quoting wrong figures. The actual truth can be visualized from the world authentic web site "Wikipedia" which I am linking below:
[url="http://en.wikipedia.org/wiki....wikipedia.org/wiki/List_of_co ... y_GDP_(PPP)_per_capita[/url]
It is evident from the different world agencies on the above web page that GDP per capita of Pakistan in 2008 is about 2700 US dollars, which amount total GDP of Pakistan is about 500 billions US dollars. In that context the contribution of Karachi as reported 55 billions is only 10% of total GDP of Pakistan.
Also see the web page:
[url="http://en.wikipedia.org/wiki...tp://en.wikipedia.org/wiki/Economy_of_Karachi[/url]
"it accounts for a lion's share of Pakistan's revenue generation. It generates approximately 53.38% of the total collections of the Federal Board of Revenue, out of which 53.33% are customs duty and sales tax on imports [1]. Karachi produces about 30 percent of value added in large scale manufacturing [2] and 20%[3][4] of the GDP of Pakistan.
A substantial chunk of Sindhs GDP is attributed to Karachi [6][7] (the GDP of Sindh as a percentage of Pakistans total GDP has traditionally hovered around 29%/30%[6][7][8][9]). Karachis GDP is around 20% of the total GDP of Pakistan [3][4]. A PricewaterhouseCoopers study released in 2007, that surveyed the GDP (2005) of the top cities in the world, calculated Karachis GDP(PPP) to be $55 billion[10] (projected to be $127 billion in 2020 at a growth rate of 5.9%[11]). It confirmed Karachis status as Pakistans largest economy, well ahead of the next two biggest cities Lahore and Faisalabad having a reported GDP (PPP) of $29 billion and $10 billion, respectively [10]. Karachi's high GDP is based on its mega industrial base, with a high dependency also on financial sector. Textile, Cement, Steel, Heavy machinery, chemicals, food, Banking, Insurance are the major segments contributing to Karachi's GDP".
As i already quoted in my earlier post that the GDP / Tax revenue ratio is about 7%. The tax collected in Karachi are major contribute to the custom duty / sales tax etc on the import and export.
Further the mostly industrial product contribute to Karachi is textile industry, which is the bye product of our most valued item of cotton. The businessman (privileged) class never tried to develop the deprived rural areas by install textile industry near its production rural areas and all or banking system is involved in that corruption by granting loan (peoples money) to the privileged class in violations of the rules. Accordingly it should be near the production area in order to develop the rural areas who are the major contributors of the cotton. But the privileged class wants to live in the luxurious area of Karachi and they with the collaboration of the ruling elite established their industries in Karachi. It also disturbs the existing service of Karachi and the migration and break up of families of different deprived rural areas.
We should not confuse the situation and it is our duty to expose the culprits responsible for the un-equal distribution of wealth and ignoring the real and hard working areas of the peoples. These urban elite are those who are enjoying the luxurious at the price of the deserved poors in the remote areas who actually faces hardship and others are taking undue advantage.[/size]
