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Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. [37] [38] Karachi collects 35% of Pakistan's tax revenue, [39] and generates approximately 25% of Pakistan's entire GDP.
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The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price. [33] At the closing bell, shares were valued at $38.23, [34] only $0.23 above the IPO price and down $3.82 from the opening bell value. The opening was widely described by the financial press as a disappointment. [35]
California is a state in the Western United States, lying on the American Pacific Coast.It borders Oregon to the north, Nevada and Arizona to the east, and an international border with the Mexican state of Baja California to the south.
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
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