Karachi and Islamabad were ranked as one of the cheapest places in the world for expatriates to live in in 2023, a Cost of Living survey by global consultancy Mercer revealed.
Meanwhile, for residents of the cities in Pakistan, inflation has been steadily rising since the beginning of the year due to the government’s implementation of difficult fiscal measures, which were required by the International Monetary Fund (IMF) to access funding that is currently delayed.
Other cities that do not break a foreign worker’s bank include Cuba’s Havana, Kyrgyzstan’s Bishkek, Tajikistan’s Dushanbe, Windhoek in Namibia, Ankara in Turkey, South Africa’s Durban city, Tunis in Tunisia and Uzbekistan’s capital city Tashkent.
The survey, conducted by Mercer, helps determine the cost of packages for employees on international assignments, which depend on factors such as currency fluctuations, cost inflation for goods and services and accommodation expenses.
To determine the cities’ rankings, the consultant company’s survey measured the comparative cost of more than 200 components including housing, transport, utilities, food, domestic supplies and entertainment in more than 400 cities.
Pakistan’s provincial center for Sindh province. With a population of roughly 20 million, it is the largest city in Pakistan and the 12th largest in the world.
It is the southernmost point of Pakistan and the location of the old capital. It is situated on the Arabian Sea coast. Considered Pakistan’s principal financial and industrial center, it is known as a “beta-global metropolis.” Its GDP is expected to surpass $200 billion (PPP) by 2021.
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