Economy of Islamabad

Jinnah Avenue is located in Blue Area, the main business district of Islamabad

Islamabad is the capital of Pakistan and a net contributor to the Pakistani economy. Whilst having only 0.8% of the country's population, it contributes 1% to the country's GDP.^[1] The Islamabad Stock Exchange, founded in 1989, is Pakistan's third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange.^[2] The exchange has 118 members with 104 corporate bodies and 18 individual members. The average daily turnover of the stock exchange is over 1 million shares.^[3] As of 2012, Islamabad LTU (Large Tax Unit) was responsible for Rs 371 billion in tax revenue, which amounts to 20% of all the revenue collected by the Federal Board of Revenue (FBR) as of 2012.^[4]

Islamabad has seen an expansion in information and communications technology with the addition two Software Technology Parks which house numerous national and foreign technological and IT companies. The tech parks are located in Evacuee Trust Complex and Awami Markaz. Awami Markaz houses 36 IT companies while Evacuee Trust house 29 companies.^[5] Call centers for foreign companies have been targeted as another significant area of growth, with the government making efforts to reduce taxes by as much as 10% in order to encourage foreign investments in the IT sector.

Most of Pakistan's state-owned companies like Pakistan International Airlines, PTV, PTCL, OGDCL, and Zarai Taraqiati Bank Ltd. are based in Islamabad. The city is home to many branches of Karachi-based companies, banks, and TV channels. Headquarters of all major telecommunication operators such as PTCL, Mobilink, Telenor, Ufone, China Mobile and are located in Islamabad.

Business

According to the World Bank's Doing Business Report of 2010, Islamabad was ranked as the best place to start a business in Pakistan.^[6]

References

v t e Islamabad topics History History of the Punjab History of Pakistan Konstantinos Apostolos Doxiadis Ayub Khan Yahya Khan 2005 Kashmir earthquake Siege of Lal Masjid City and Geography Islamabad Capital Territory, Capital Development Authority Koral Rawalpindi Model Town Humak Pothohar Plateau Margalla Hills Gakhar Simly Dam Golra Sharif North-West Frontier Province Punjab (Pakistan) Wildlife Economy and Transport Developments in Islamabad Blue Area Saudi-Pak Tower State Bank of Pakistan Benazir Bhutto International Airport Karakoram Highway Grand Trunk Road Constitution Avenue Faizabad Interchange Islamabad Chamber of Commerce & Industry Islamabad Highway Islamabad Stock Exchange Jinnah Avenue Seventh Avenue Ninth Avenue Khayaban-e-Iqbal Demographics and Culture List of people from Islamabad Punjabis Muhajirs Pashtuns Islam Hinduism Christianity Politics Aiwan-e-Sadr Parliament of Pakistan Supreme Court of Pakistan Faisal Mosque Fatima Jinnah Park Islamabad Zoo Golra Sharif Daman-e-Koh Pakistan Museum of Natural History Lok Virsa Museum Education Educational institutes Air University Al-Huda University Allama Iqbal Open University Bahria University Center for Advanced Studies in Engineering COMSATS Institute of Information Technology Federal Urdu University Hamdard University International Islamic University Muhammad Ali Jinnah University National Defence University Foundation University, Islamabad National University of Computer and Emerging Sciences National University of Modern Languages National University of Sciences and Technology Institute of Space Technology Iqra University Quaid-i-Azam University Shifa College of Medicine Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology Sports in Islamabad Islamabad Leopards

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