The Federal Capital Territory around Karachi was the original capital territory of Pakistan. The FCT was created in 1948 from the city of Karachi and surrounding areas as the location for Pakistan’s capital following its creation. Karachi was and still is the financial capital of Pakistan, accounting for the largest share of the nation’s GDP.
About Federal Capital Territory (Pakistan) in brief
The Federal Capital Territory around Karachi was the original capital territory of Pakistan. The FCT was created in 1948 from the city of Karachi and surrounding areas as the location for Pakistan’s capital following its creation. Karachi was and still is the financial capital of Pakistan, accounting for the largest share of the nation’s GDP. The State Bank of Pakistan and most commercial banks had their headquarters in Karachi together with Pakistan’s first and largest stock exchange – the KSE now PSX.
The territory covered rolling plains bound by hills to the north and west, the river Indus to the east and the Arabian Sea to the south. It was served by the old Quaid-e-Azam International Airport terminal which is now used for Hajj flights and cargo facilities.
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This page is based on the article Federal Capital Territory (Pakistan) published in Wikipedia (as of Nov. 03, 2020) and was automatically summarized using artificial intelligence.
