Sindh, Pakistanís second largest province plays a pivotal role in the national economic and development agenda. The countryís largest port city, Karachi, is the financial capital of the country. The Province comprises of 23% of Pakistanís population and 18% of its land area. It has the highest concentration of urban population at 49% as compared to an overall country average of 32.5%, making it the most urbanized province in the country.
With 23% of countryís population, its contribution to the national GDP is around 33%. Sindh collects 70% of Pakistanís Income Tax and 62% of Sales Tax.
Sindh has 54% of countryís textile units, 45% of its sugar mills, 20% of pulp & paper mills and 35% of edible oil processed locally. Sindh accounts for 34% of total industrial capacity in large scale manufacturing and 25% of small scale manufacturing.
Despite global economic slowdown towards the end of 2008 and Pakistanís solidarity with the International cause for peace, playing a key role as the front line state, Sindhís manufacturing sector has been resilient and investments have continued to pour in the economic cycle. MNCs and local enterprises such as P&G, Coke International, Lotte Group of South Korea, Al Tuwairqi Steel Mills, Engro Corp., JS Group, National Foods, Agha Khan Foundation, Wind Energy Farms (Tapal, Gul Ahmed and Fauji) and many others are committed to make investments worth around USD 8 bn in the province in coming years.
Sindhís diversified economy also comprises of a well developed agricultural base supported by an effective irrigation network on the Indus. Around 14% wheat, 30% rice, 30% sugar cane, 25% cotton and 30% vegetable crops grown in Pakistan are from Sindh. This provides immense opportunity for setting up export based agriprocessing industry in the province.