The survey found that Pakistan had a cost of living index of 20.09, which was significantly lower than the global average of 100. This means that the cost of living in Pakistan is about five times cheaper than in the most expensive country, Switzerland, which had a cost of living index of 122.4. Other countries that ranked among the top 10 cheapest countries included Afghanistan, India, Syria, and Uzbekistan.
The low cost of living in Pakistan can be attributed to various factors, such as the relatively low prices of basic commodities, including food, clothing, and household items. Additionally, the cost of transportation, including public transportation and taxis, is also considerably lower than in many other countries. The cost of healthcare, education, and entertainment is also relatively affordable, making Pakistan an attractive destination for expatriates and tourists looking for budget-friendly options.
However, the survey also highlighted that the low cost of living in Pakistan comes with some challenges, including a lack of adequate infrastructure, limited access to quality healthcare and education, and security concerns. Therefore, it is important for individuals considering living or traveling to Pakistan to take these factors into account and conduct thorough research before making any decisions.
In conclusion, Pakistan’s ranking as the cheapest country to live in presents both opportunities and challenges for the country’s economy and society. While the low cost of living can attract foreign investment and tourism, it also underscores the need for the government to address the issues of poverty, inequality, and underdevelopment in the country.