Bavarian_Business_Delegation
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BAVARIAN BUSINESS DELEGATION<br />
TO PAKISTAN<br />
OCTOBER 2018<br />
With a population of over 200 million people and a booming economy, Pakistan is among the 25 largest<br />
economies in the world. Germany is Pakistan’s fourth largest trading partner and Pakistan‘s largest<br />
trading partner in Europe.<br />
The economic and financial center of the country is the Megacity Karachi. The city is also the most<br />
important port in the country. Over 20 million people live in the metropolitan area. Thus, Karachi is<br />
not only the most populous city in Pakistan, but also the seventh largest on Earth. Karachi is the most<br />
important financial center with the Pakistan Stock Exchange, the seat of the Pakistan Central Bank,<br />
the State Bank of Pakistan and almost all the headquarters of major banks. Many ICT companies, call<br />
centers, media and television stations have also settled there. In addition, Toyota and Suzuki Motor<br />
Company produce in the metropolis.<br />
Pakistan’s capital Islamabad in the northeast is the country’s political center. Together with its<br />
immediately adjacent twin town of Rawalpindi, the metropolitan area has 4.5 million inhabitants.<br />
In recent years, more and more IT companies have settled in Islamabad. Furthermore, all major<br />
telecommunications companies such as Mobilink, Telenor or Ufone are headquartered in Islamabad, as<br />
are most state-owned companies.<br />
Lahore, the capital of the Punjab province in the northeast of the country, on the border with India, is<br />
one of the richest cities in Pakistan and the second largest economic center in the country after Karachi.<br />
Lahore is traditionally a center of the textile industry, but also numerous other manufacturing companies<br />
have settled here, such as pharmaceutical and chemical producers, steel and construction industries as<br />
well as IT companies and Pakistan’s film industry, called Lollywood. In addition, Lahore is an important<br />
tourist center. The city of Sialkot in Punjab is the world’s second largest cluster for producing surgical<br />
instruments made of metal. Sialkot also produces around<br />
40 million leather footballs annually.<br />
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