Karachi is on the verge of becoming the world’s third most populated city by 2030.
A study by London-based global market research firm, Euromonitor, has made the prediction.
The population of the port city is expected to grow by more than 30%, the second highest growth rate, between 2017 and 2030, Euromonitor revealed in a study. The firm overviewed the current economic and demographic state of 33 megacities of the world.
The research firm defines megacities as those with a population of 10 million or more, featuring the most affluent households and those which are often the primary destination for investment in a country.
According to the report, only 15% people used to live in cities in 1900, but the number rose dramatically by 2008 when more than half of the world’s population moved to urban areas.