imports. (Note: Revenue collected from Karachi includes
revenue from some other areas since the Large Tax Unit (LTU) Karachi and
Regional Tax Offices (RTOs) Karachi, Hyderabad, Sukkur & Quetta cover the
entire province of Sindh and Balochistan). Karachi's indigenous contribution to
national revenue is around 25%.Karachi has large industrial zones such as
Karachi Export Processing Zone, SITE, Korangi, Northern Bypass Industrial Zone,
Bin Qasim and North Karachi, located on the fringes of the main city. Its
primary areas of industry are textiles, pharmaceuticals, steel, and
automobiles. In addition, Karachi has a cottage industry and there is a Free
Zone with an annual growth rate of nearly 6.5%. The Karachi Expo Centre hosts
regional and international exhibitions. There are development projects
proposed, approved and under construction in Karachi. Among projects of note,
Emaar Properties is proposing to invest $43bn (£22.8bn) in Karachi to develop
Bundal Island, which is a 12,000 acres (49 km) island just off the coast
of Karachi. The Karachi Port Trust is planning a Rs. 20 billion, 1,947 feet
(593 m) high Port Tower Complex on the Clifton shoreline. It will comprise
a hotel, a shopping center, an exhibition center and a revolving restaurant
with a viewing gallery offering a panoramic view of the coastline and the city.
As one of the most rapidly growing cities in the world, Karachi faces
challenges that are central to many developing metropolises, including traffic
congestion, pollution, poverty and street crime. These problems continue to
earn Karachi low rankings in livability comparisons: The Economist ranked Karachi fourth least liveable city amongst
the 132 cities surveyed and BusinessWeek
ranked it 175 out of 215 in livability in 2007, down from 170 in 2006. An
average of six people per day are killed in Karachi and
