Karachi overview

Karachi (Urdu: کراچی; ALA-LC: Karācī, IPA: [kəˈraːtʃi] (About this sound listen); Sindhi: ڪراچي) is the capital of the Pakistani province of Sindh. It is the most populous city in Pakistan,[12][13] and sixth-most-populous city proper in the world.[14][15] Ranked as a beta world city,[16][17] the city is Pakistan's premier industrial and financial centre.[18] Karachi is also Pakistan's most cosmopolitan city.[19] Situated on the Arabian Sea, Karachi serves as a transport hub, and is home to Pakistan's two largest seaports, the Port of Karachi and Port Bin Qasim, as well as the busiest airport in Pakistan.

Though the Karachi region has been inhabited for millennia,[20] the city was founded as the fortified village of Kolachi[21] in 1729.[22] The settlement drastically increased in importance with the arrival of British East India company in the mid 19th century, who not only embarked on major works to transform the city into a major seaport, but also connected it with their extensive railway network.[21] By the time of the Partition of British India, the city was the largest in Sindh with an estimated population of 400,000.[19] Following the independence of Pakistan, the city's population increased dramatically with the arrival of hundreds of thousands of Muslim refugees from India.[23] The city experienced rapid economic growth following independence, attracting migrants from throughout Pakistan and South Asia.[24]

Karachi is one of Pakistan's most secular and socially liberal cities.[25][26][27] It is also the most linguistically, ethnically, and religiously diverse city in Pakistan.[19] With a population of 14.9 million recorded in the 2017 Census of Pakistan,[10] Karachi is the world's 6th most populous metropolitan area.[28][29] Karachi is one of the world's fastest growing cities,[30] and has communities representing almost every ethnic group in Pakistan. Karachi is home to over 2 million Bangladeshi immigrants, 1 million Afghan refugees, and up to 400,000 Rohingyas from Myanmar.[31][32][33]

Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $113 billion as of 2014.[34] Karachi collects over a third of Pakistan's tax revenue,[35] and generates approximately 20% of Pakistan's GDP.[36][37] Approximately 30% of Pakistani industrial output is from Karachi,[38] while Karachi's ports handle approximately 95% of Pakistan's foreign trade.[39] Approximately 90% of the multinational corporations operating in Pakistan are headquartered in Karachi.[39] Up to 70% of Karachi's workforce is employed in the informal economy,[40] which is typically not included in GDP calculations.[41]

Known as the "City of Lights" in the 1960s and 1970s for its vibrant nightlife,[42] Karachi was beset by sharp ethnic, sectarian, and political conflict in the 1980s with the arrival of weaponry during the Soviet–Afghan War.[43] The city had become well known for its high rates of violent crime, but recorded crimes sharply decreased following a controversial crackdown operation against criminals, the MQM political party, and Islamist militants initiated in 2013 by the Pakistan Rangers.[44] The city's murder rate in 2015 had decreased by 75% compared to 2013, and kidnappings decreased by 90%,[45] with the improved security environment triggering sharp increases in real-estate prices.[46]

Best PKR exchange rates at Wall Street Exchange Company in Karachi

Exchange PKR Wall Street Exchange Company Buy Wall Street Exchange Company Sell
US Dollar 138.800 139.500
Euro 157.308 158.804
British Pound 178.644 180.315
Canadian Dollar 103.986 105.496
Hong Kong Dollar 17.620 18.052
Emirati Dirham 37.800 38.000
Saudi Arabian Riyal 36.874 37.227
Omani Rial 360.301 362.077
Kuwaiti Dinar 453.999 459.059
Australian Dollar 99.031 100.527
Singapore Dollar 101.613 102.927
Danish Krone 20.935 21.499
Wall Street Exchange Company
Wall Street Exchange Company
Karachi

Wall Street Exchange Company (PVT) Limited was registered and incorporated as Private Limited Company with Securities & Exchange Commission of Pakistan on July 14th 2003. The Company was granted license by the State Bank of Pakistan on August 28, 2003 and commenced its operations in December 2003, as per the guidelines laid down by the Central Bank of the Country. From a steady start in 2003 /4, the Company has now covered a big ground, and can easily be rated as the front line & leading...

Wall Street Exchange Company Buy rate – this is the rate at which Wall Street Exchange Company buy foreign currency back from travellers to exchange into local currency. For example, if you were returning from America, we would exchange your dollars back into euros at the buy rate.

Wall Street Exchange Company Sell rate – this is the rate at which Wall Street Exchange Company sell foreign currency in exchange for local currency. For example, if you were heading to Canada, you would exchange your currency for Canadian dollars at the sell rate.

Karachi currency converter