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Federal B. Area association of Trade & Industry came into
existence in 1987 with clear objectives to promote industrial
activities in the area and to contribute positively to the
economic well-being of the country by way of enhancing
industrial production.
Federal B.Area Karachi, from its block 1 to 22, is the 5th
largest industrial area of sindh where above 2000 industrial
units are opening. Ninety per cent of them are fully export
oriented, hence they are contributing a big share in national
economy by paying duties and taxes a part from earning huge
amount of foreign exchange for the country as well as
employing a large number of workforce; and nearly 8 lacs of
people are benefited from employment opportunities. A large
section of the employees constitutes women folk of the area.
Majority of the industrial units are of textiles, hosiery,
garments and towels.
The
Association is incorporated under the Companies Ordinance 1984
(XLVII of 1984) as a company under section 42 and registered
under No.
K – 01504 of 1989-90 by the registrar of Companies. It is also
licensed under section 3 of the Trade Organizations Ordinance
1961 (Ordinance No. XLV of 1961). It is in fact a town
association of trade and industry affiliated to Karachi
Chamber of Commerce & Industry.
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