It is basically an old town that consists of many old buildings and houses.The economy of the town mainly depends upon the business as it is known as biggest market in the surrounding villages like Mallowal, Chalay Shref, Bhangranwala, Majra Peroshah, Hajiwala, Santal, Kot Jeml, Barnala and Tanda, however, as the literacy rate is in rising trend, people are joining other professions as well like the army, police, Banking, educational departments, medicine, etc.

Most of the people are living in Spain, Italy, England, Greece, France, Norway, Saudi Arabia and UAE etc.

It has 9 branches of different banks, a degree college for boys and a government hospital in which great technology equipments are used and have professional and experienced doctors.

The precise origin of Karianwala has been a mystery for the local historians;[1] however, there is evidence that a town settlement was built in the years AD 1206–1207, by a slave known as Saiy Satwan, at the direction of Qutbuddin Aibak, a king of northwest India, who was the first Sultan of Delhi and founder of the Ghulam dynasty (Mamluk Sultanate) of India.

The population of the city began to grow quickly at some point in the past century, increasing need for Elementary, Middle, and High Schools.