A new survey on the living costs across the world is out, and it names two Pakistani cities, Islamabad and Karachi, among the least expensive metropolitans.
The survey report, issued by Mercer every year, listed Islamabad on the 203rd number in the list of most expensive cities. Karachi was four slots behind on the 207th spot.
For the second consecutive year, Hong Kong remained the world’s most expensive city, according to the report. It was followed by Japan’s capital Tokyo on the second spot, while Singapore stood third in the list.
South Korea’s capital city Seoul was recorded as world’s 4th most expensive city to live in; Switzerland’s Zurich was on fifth, China’s Shanghai 6th, Ashgabat (Turkmenistan) on 7th, and China’s capital Beijing was on the 8th spot.
New York was reported to be the 9th most expensive city in the survey, followed by Shenzhen in China at 10th place.
Interestingly, eight out of the first ten entries were from Asia. Last year, the number was 6. Only two cities from Europe and America made it to the top ten.
The rankings are based on the data collected from 209 cities around the world by measuring the cost of over 200 items in each city – including housing, transport, food, clothing, household goods, and entertainment.
Appreciate the article from Mr. Raza Rizvi reflecting Karachi the most affordable city in Asia, Europe, Americas, and the Middle East, with the infrastructure in the developing phase. Not only this after devaluation of currency the country is a boom for the real Estate investment with the REIT listed properties in Karachi, Islamabad duly endorsed by the SECP, SBP.
After devaluation our country is a bonanza to the tourists for the food, accomodation, safety, security, transport which is App based taxi of Uber, Careem and the related public transport in process from Uber in Karachi.
What is important is discipline from the city residents, road safety, traffic, public transport, buses, bicycle track, and satellite monitoring of traffic control, or traffic control on the pattern of Dubai RTA which can support, train our traffic discipline to the drivers, and the people of the city.
The people of Pakistan are very innocent, friendly, cordial, welcoming, they have to be made disciplined to understand the digitalisation era has started,, which will lead to progress of the country and individuals.
‘Shenzhen in China at 10th place” Now this statement makes me doubt this whole article because electronics in the shenzhen electronics market are dirt cheap!
I guess neither you can eat electronics nor live inside them