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Federal B. Industrial Area
This is the 5th largest industrial area of Sindh province,
spread over block 1 to 22 of Federal B. Area, Karachi. In
fact, block 21 & 22 are the declared industrial areas, fully
occupied by large and medium size industrial units while the
cottage and small industries are located within the
residential areas from block 1 to 20.
Factories
Above 2,000 industrial units are operating overthere. 70% of
them are export oriented units of home textile, knits and
woven industries; 20% indirect exporters including packaging,
labels, elastics, zippers and other allied industries, and 10%
are the other units of pharmaceuticals, auto engineering,
chemicals, multimedia, food and beverages etc etc.
Contribution to national economy
They are contributing a big share in national economy by
paying duties and taxes apart from earning huge foreign
exchange for the Country as well as employing a large
workforce; a large section of which constitutes women folk of
the area.
• Income tax about Rs. 3 billion per annum.
• Cesses & levies about Rs. 500 million per annum.
• Other taxes about Rs. 5 billion per annum.
• Total taxes about Rs. 8.5 billion per annum.
• Or about Rs. 25 million daily.
Association
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.
The Association is incorporated under the Companies Ordinance
1984 as a company under section 42 and registered under No.
K-01504 of 1989-90 by the Registrar of Companies. It was
earlier licensed under section 3 of the Trade Organizations
Ordinance 1961. The Government has withdrawn the Trade
Organizations Ordinance 1961 and promulgated a new Trade
Organizations Ordinance 2007 requiring fresh registration of
the associations. This Association has also got fresh
registration under license # 27 dated May 19, 2008.
It is in fact a town association of trade & industry
affiliated with Karachi Chamber of Commerce & Industry.
Download : | Certificate Of
Incorporation | License | Memorandum Of
Association |
FITE
Development & Management Company |
ECONOMIC
INDICATOR |
QUICK LINKS |
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Annual |
2009/10 |
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Foreign Debt |
$53.01bn |
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Per
Cap Income |
$1046 |
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GDP
Growth |
4.1% |
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Average CPI |
11.74% |
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Monthly |
May |
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Trade Balance |
$-1.24 bln |
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Exports |
$1.77 bln |
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Imports |
$3.00 bln |
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Weekly |
October
21, 2010 |
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Reserves |
$17.10 bln |
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