Re: Former US President Clinton gives Karachi a clean ‘bill’ of health.
Checking the CBR link given below the figures for income tax zone wise:
http://www.cbr.gov.pk/YearBook/2001-02/StatisticalTables.htm
The figures show Karachi contributes 48% of total income tax collected in the country.
However to consider this 48% as total tax contributed solely by Karachi is injustice as for example PSO, Habib Bank, OGDC, ICI, and many many other large companies who do their business everywhere in Pakistan file their tax returns in Karachi…
Therefore it is totally false that people of Karachi pay bulk of the taxes in Pakistan…The real contribution of Karachi is not more than 20% in the total cake which is already high considering Karachi is 12% of the population. However people of Karachi are also better off compared to the rest of Pakistan and therefore it is only but fair if they are contributing more than their population percentage…
However I do not want to undermine the contribution of Karachi in our national economy…
The fact is economy of Karachi is too much dependant on the rest of Pakistan and vice versa…