The historic cooperation agreement to establish the Bombay-karachi Joint Chamber of Commerce and Industry is considered as a vital step for both India and Pakistan in promoting bilateral business and economic ties.
This improvement of bilateral ties has infused the idea of twining the cities of Karachi and Mumbai. The business community is welcoming the proposal in order to deliver outstanding economic forced to airlift their consignments stress over the benefits of a shipping line operating between the two biggest ports of the region, Karachi and Mumbai.
Karachi and Mumbai are considered as natural partners having great contribution towards making the highest GDPS and generating revenues for their national economies. The Karachi measures 3,527 square km against 437 square km of Mumbai. The population density in Mumbai at 22,500 persons per sq km is much higher than 3,700 persons per sq km in Karachi.
Karachi has a formal economy of $78 billion (PPP; est. 2008), size of the formal one.
Though comparable social indicators are not readily available, the literacy rate in both the cities stands at 77 percent. The rate is much higher than their national averages. Both cities have highly diverse populations with high rates of internal migration because of better economic