national revenue is around 55%. Business districts I. I. Chundrigar Road (formerly McLeod Road), also known as the Wall Street of the city, remains the historical commercial hub of Karachi and is its main CBD. However over the years, notable business and trade activity has appeared in other conurbations of the city, including the Shahrah-e-Faisal thoroughfare, MT Khan road, Mai Kolachi road and the Clifton and Defence areas of the city. IT trends The recent trend of ICT (information and communications technology), electronic media and call centres has become a significant part of Karachi business hierarchy. Call centres for foreign companies have been targeted as a significant area of growth, with the government making efforts to reduce taxes by as much as 80 percent in order to gain foreign investments in the IT sector. Even Dr. Arif Alvi, President of Pakistan, has launched an initiative to help promote education, research and business opportunities in Artificial Intelligence, Blockchain, and Cloud-based computing which will educate IT technology to 10,000 students annually. Karachi has more than 3000 Software Companies and growing day by day which accounts to almost half of the whole countries IT Industry. Media The city has also firmly established itself as the electronic media capital of the country; most of Pakistan's media television channels are headquartered here, including Abbtakk News, CNBC Pakistan, Dawn News, TV One, Indus Media Group, ARY Digital, BOL Network, AAJ TV, KTN NEWS, KTN, KASHISH TV and Geo TV. They generate huge revenues for the city in advertising and provide jobs and entertainment. As a sign of the growing strength of the electronic media sector, GEO TV is planning to start an additional 10 channels and for this purpose is setting up a studio in the city. Pakistan Stock Exchange Pakistan Stock Exchange, formerly Karachi Stock Exchange is Pakistan's largest and oldest stock exchange with at least 540 companies listed during 2020. It was declared the “Best Performing Stock Market of the World for the year 2002” with KSE-100 returning 112.2%. According to Bloomberg, Pakistan ranked third in 2014. And for the third consecutive year was among top 10 markets in the world (Source). International magazine "Business Week" declared KSE as one of the Best Performing Markets of the world. Similarly, the US newspaper "USA Today" termed Karachi Stock Exchange as one of the best performing bourses in the world. By September, 2020, the year of