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[[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.<ref>{{cite web|url=http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/19-economics-and-extremism-hh-04 |title=Pakistan &#124; Economics and extremism |publisher=Dawn.Com |date=2010-01-05 |accessdate=2010-06-02 |deadurl=yes |archiveurl=https://web.archive.org/web/20100108132730/http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/19-economics-and-extremism-hh-04 |archivedate=2010-01-08 |df= }}</ref> The [[Islamabad Stock Exchange]], founded in 1989, is Pakistan's third largest stock exchange after [[Karachi Stock Exchange]] and [[Lahore Stock Exchange]].<ref>{{cite web|title=Pakistan Stock Exchanges|author=|url=http://www.ostamyy.com/stock-exchanges/Pakistan.htm}}</ref> The exchange has 118 members with 104 [[Body corporate|corporate bodies]] and 18 individual members. The average daily [[Asset turnover|turnover]] of the stock exchange is over 1 million shares.<ref>{{cite web|title=About ISE|author=ISE-Official website|url=http://www.ise.com.pk/About_ISE/AboutISE.asp}}</ref> 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.<ref>{{cite web|url=http://www.brecorder.com/top-news/108-pakistan-top-news/65751-rs371bn-revenue-target-fbr-hails-ltu-islamabads-performance-.html4 |title=Rs371bn revenue target: FBR hails LTU Islamabad's performance |publisher=brecorder.com |date=5 July 2012 |accessdate=9 July 2012}}</ref>
[[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.<ref>{{cite web|url=http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/19-economics-and-extremism-hh-04 |title=Pakistan &#124; Economics and extremism |publisher=Dawn.Com |date=2010-01-05 |accessdate=2010-06-02 |deadurl=yes |archiveurl=https://web.archive.org/web/20100108132730/http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/19-economics-and-extremism-hh-04 |archivedate=2010-01-08 |df= }}</ref> The [[Islamabad Stock Exchange]], founded in 1989, is Pakistan's third largest stock exchange after [[Karachi Stock Exchange]] and [[Lahore Stock Exchange]].<ref>{{cite web|title=Pakistan Stock Exchanges|author=|url=http://www.ostamyy.com/stock-exchanges/Pakistan.htm}}</ref> The exchange has 118 members with 104 [[Body corporate|corporate bodies]] and 18 individual members. The average daily [[Asset turnover|turnover]] of the stock exchange is over 1 million shares.<ref>{{cite web|title=About ISE|author=ISE-Official website|url=http://www.ise.com.pk/About_ISE/AboutISE.asp|deadurl=yes|archiveurl=https://web.archive.org/web/20110617005524/http://www.ise.com.pk/About_ISE/AboutISE.asp|archivedate=2011-06-17|df=}}</ref> 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.<ref>{{cite web|url=http://www.brecorder.com/top-news/108-pakistan-top-news/65751-rs371bn-revenue-target-fbr-hails-ltu-islamabads-performance-.html4 |title=Rs371bn revenue target: FBR hails LTU Islamabad's performance |publisher=brecorder.com |date=5 July 2012 |accessdate=9 July 2012}}</ref>


Islamabad has seen an expansion in [[Information and communication technologies|information and communications technology]] with the addition three [[science park|Software Technology Parks]] which house numerous national and foreign technological and IT companies. The tech parks are located in Evacuee Trust Complex, Awami Markaz and I-9 sector. Awami Markaz houses 36 [[Information technology|IT]] companies while Evacuee Trust house 29 companies.<ref>{{cite web|title=Islamabad|author=Pakistan Software Export Board|url=http://www.pseb.org.pk/item/stp_islamabad}}</ref> 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.
Islamabad has seen an expansion in [[Information and communication technologies|information and communications technology]] with the addition three [[science park|Software Technology Parks]] which house numerous national and foreign technological and IT companies. The tech parks are located in Evacuee Trust Complex, Awami Markaz and I-9 sector. Awami Markaz houses 36 [[Information technology|IT]] companies while Evacuee Trust house 29 companies.<ref>{{cite web|title=Islamabad|author=Pakistan Software Export Board|url=http://www.pseb.org.pk/item/stp_islamabad|deadurl=yes|archiveurl=https://web.archive.org/web/20100505124938/http://www.pseb.org.pk/item/stp_islamabad|archivedate=2010-05-05|df=}}</ref> 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]], [[Pakistan Television Corporation|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.
Most of Pakistan's state-owned companies like [[Pakistan International Airlines]], [[Pakistan Television Corporation|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.

Revision as of 21:36, 16 September 2017

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 three Software Technology Parks which house numerous national and foreign technological and IT companies. The tech parks are located in Evacuee Trust Complex, Awami Markaz and I-9 sector. 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

  1. ^ "Pakistan | Economics and extremism". Dawn.Com. 2010-01-05. Archived from the original on 2010-01-08. Retrieved 2010-06-02. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  2. ^ "Pakistan Stock Exchanges".
  3. ^ ISE-Official website. "About ISE". Archived from the original on 2011-06-17. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  4. ^ "Rs371bn revenue target: FBR hails LTU Islamabad's performance". brecorder.com. 5 July 2012. Retrieved 9 July 2012.
  5. ^ Pakistan Software Export Board. "Islamabad". Archived from the original on 2010-05-05. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  6. ^ "Faisalabad best place to do business in Pakistan". The Express Tribune. June 30, 2010.
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