Karachi city also known as city of lights was the first capital of Pakistan. It is the twentieth largest city of the world in terms of metropolitan population and is Pakistan’s premier center of banking, industry, and trade. Karachi is also the home of Pakistan’s largest corporations that are involved in entertainment, arts, fashion, advertising, publishing, software development and medical research. It also serves as a major hub of higher education in South Asia, and the wider Islamic World. The Karachi Stock Exchange is the largest stock exchange in Pakistan, and is considered by many economists to be one of the prime reasons for Pakistan’s 8% GDP growth across 2005. Karachi is also home of many famous and old universities and educational institutes of Pakistan. Karachi enjoys its prominent position, due to its geographical location on a bay, making it the financial capital of the country. It is one of the fastest growing cities of South Asia. It was the original capital of Pakistan until the construction of Islamabad, and is the location of the Port of Karachi and nearby Port Qasim, one of the region’s largest and busiest ports.